Shared Property Ownership

How Co-Ownership Works in Mallorca - Mallorca Homebase

How Co-Ownership Works in Mallorca

A Smart, Legal, and Flexible Way to Own a Second Home in the SunWhat You OwnEach co-ownership property is held in a dedicated Spanish company (S.L.), named HOMEBASE #1, #2, #3, etc. The company owns the home, and you own shares in that company — each share corresponds to a specific week of the year.Key Ownership Features:Real ownership of company shares — not a timeshare or usage licenseOne vote per...