Why a Clear Agreement Matters
Co-owning a dream home in Mallorca works best when rules are clear and shared from day one. That’s why every Palmallorca Co-Ownership starts with a written Owners Agreement.
It defines how the group of co-owners will use, manage, and enjoy the property — fairly and with minimal friction.
What’s Covered in the Agreement
Here’s what all co-owners agree to when joining a Mallorca Homebase company:
- Property Usage:
- Each 5-week block equals 100 shares (9.62%)
- Usage rights tied to shares — not specific dates
- Book your weeks via the shared calendar
- Voting & Decisions:
- 1 vote per week (20 shares)
- Simple majority (over 50%) for most decisions
- 2/3 majority required to sell the property
- Maintenance & Upgrades:
- Local property manager handles day-to-day care
- Larger upgrades require group approval
- Budgets include a reserve for improvements
- Renting Out Weeks:
- Allowed within platform rules
- Income goes to company, booked to owner’s account
- Reduces that owner’s shared cost — no personal tax
- Fair Use Calendar:
- Prime, Premium Chill, and Peaceful Months
- Booking is rotated when needed
- You can reserve your weeks up to 24 months ahead
Example Voting Power by Ownership
Admin Support and Transparency
- The Company Administrator leads the company operations on behalf of the owners
- They are a trusted local resident
- All owners are visible in the online group for the property
- Quarterly and annual updates to the Spanish company register
- Everything is GDPR-compliant and transparent
Built for Respect and Independence
Most of our survey respondents don’t require knowing their co-owners personally.
They just want verified co-owners who fit the same dream profile — and a well-managed property.
Still, when someone joins, their name and profile is shared in the group. Owners can communicate, suggest upgrades, or just enjoy the property quietly. It’s your choice.
You’re Not Locked In
If your life changes, you can sell your shares — and exit the ownership.
You can list them in the Palmallorca Co-Owner Marketplace or we can assist.
Co-owners always get first right of refusal at the same price a third-party buyer is ready to pay. This secures a fair market and protects current owners.
Learn the Full Co-Ownership Solution
Palmallorca Co-Ownership is a complete, transparent model for smart second-home ownership in Mallorca — built around legal clarity, local support, and personal freedom. Explore the full series below to understand how it works and why it’s designed for the way people live, invest, and travel today.
Why Mallorca – And Why Now?
Discover why Mallorca remains one of Europe’s top lifestyle destinations — and why timing matters.
From Dream to Keys – How It Works
A practical guide to how we match co-owners and form your co-ownership group.
Who Buys Co-Ownership in Mallorca?
See the real people behind the model — from digital nomads to retirees and wellness seekers.
What You Really Own – Legal & Company Structure
Understand the secure ownership structure via Spanish companies and your rights.
Company & Tax Administration Made Easy
No headaches — all financial and legal admin is handled locally on your behalf.
Personal Taxation in a Mallorca Co-Ownership Model
Understand how private taxation works for co-owners — simple, fair, and legally secure.
The Cost & Operations Behind Co-Ownership
What your investment includes, how costs are shared, and what it means in practice.
How the Booking Rules Work
A smart system for using, rotating, and renting your weeks fairly.
Selling Your Shares – A Clear Exit Path
Exit easily through our resale and auction platform, with first rights for co-owners.
What Happens If a Co-Owner Stops Paying?
Built-in protection ensures others are not affected if someone defaults.
Legal Rental Rights for Co-Owners
Rent legally with transparency — learn how our 4-week rental logic works.
Property Management – Daily Care & Guest Prep
How the property is cleaned, managed, and prepared for each co-owner or guest.
What Happens If a Co-Owner Passes Away?
How inheritance works under EU law — with admin and continuity fully secured.
Upgrades & Improvements – Owner Votes & Budgeting
How new ideas and improvements are proposed, voted on, and funded.
Can I Use My Weeks Flexibly or Swap with Others?
Yes — swap across seasons or even with other Palmallorca Co-Owners.
Want to Learn More?
Explore how you can own a slice of paradise — without the burden of full ownership.
