Flexible Ownership with a Defined Exit Strategy
Palmallorca Co-Ownership gives you the freedom to enjoy your dream home in Mallorca — but also the flexibility to exit if your plans or priorities change.
This post explains how reselling your shares (your co-owned weeks) works, how the process is structured, and how we ensure fairness, transparency, and legal clarity.
What Exactly Are You Selling?
Each co-owner holds registered shares in a specific Spanish S.L., which owns the property. When you sell, you’re selling:
- Your shares in the company
- Your usage rights to specific weeks each year (in blocks of 20 shares per week)
- Your voting rights (1 vote per week / 20 shares)
- Your share of the assets and value of the company (including the property)
- The Palmallorca model always maintains an up-to-date owners book.
- The company administrator publishes this inside the owners’ online group, and quarterly updates the public registry, including an annual confirmation to ensure smooth tax reporting.
Who Can You Sell To?
Shares can be sold to:
-
Existing co-owners (who may want more weeks)
-
New approved buyers (must be from EU/EEA/Commonwealth/USA/Latin America or approved by all co-owners)
Palmallorca provides tools, communication, and visibility to help facilitate these transactions.
Palmallorca’s Support and Marketplace
Palmallorca will launch a dedicated secondary marketplace for share resale.
Sellers can:
- Set a minimum floor price
- Open their shares to auction bidding
- Let third-party buyers place offers
Then:
- Existing co-owners get first right of refusal at the final offer price from an external bidder
- This ensures the market sets the price, not internal discussions — unless the seller finds a buyer directly and they agree independently
- All resale activity remains compliant with the co-ownership agreement
This protects all co-owners from undervalued internal trades and keeps the process fair, open, and aligned with market dynamics.
How the Process Works
- Inform the Administrator or Palmallorca of your intention to sell
- Palmallorca prepares your listing in the Co-Owner Marketplace
- All co-owners are notified of the offer
- Auction bidding opens (optional)
- Existing co-owners can buy at the third-party offer price
- Once a buyer is confirmed, the Administrator updates the ownership records
New co-owners are always welcomed and introduced via the online group — where voting, upgrades, or group decisions are coordinated.
No Need to Know Your Co-Owners — But Full Respect for the Group
Palmallorca’s co-ownership model is designed to give you independence and clarity. You don’t need to personally know the other co-owners, and all relationships are handled via shared agreements and neutral administration.
That said, transparency and shared goals are central. Each new co-owner is introduced into the group and added to the digital owners group — ensuring everyone knows who they co-own with.
Why This Structure Matters
- Ensures your investment can be exited fairly
- Protects co-owners from unexpected or unwanted buyers
- Respects the original spirit of shared ownership
- Guarantees up-to-date documentation, owner transparency, and legal clarity
