The purchasers of this property can do as they wish and are totally free to make their own arrangements, however as the seller of this property lives nearby, FULL maintenance of the Villa can be arranged.  This will leave you free to turn up at the villa with everything ready for you to relax and enjoy YOUR VILLA holiday.

25% equity in the property gives each owner the right to occupy the villa for 3 months per year which would normally be 1 month at a time on a rotation basis giving equal access to high, medium and low seasons.

Some Co-ownership includes schemes such as a consortium of buyers owning shares in a property-owning company and co-ownership between family, friends or even strangers.

This offer is NOT based on company ownership but simply putting the name of each owner in the normal way on the escritura ownership documents.

However, is would be wise to have a contract between the owners to protect the co-owners interests.

Co-ownership allows you to recoup your investment in savings on holiday costs and still retain your equity in a property. The 4 ownership arrangement is a common scheme (which many consider to be the  optimum number of co-owners), where you buy a quarter of a property and can occupy it for up to three months a year. However, there no reason why there cannot be only 2 owners or as many as 12 co-owners, with a months occupancy each per year  (usually divided between high, medium and low seasons).

Co-ownership offers access to a size and quality of property that would otherwise be impossible, where a number of families share the property ownership. Co-ownership can be a good choice for a family seeking a holiday home for a few weeks or months a year and has the added  advantage that (because of the lower cost) a mortgage may be unnecessary. It is usually cheaper to buy a property privately with friends than through a developer, when you may pay well above the market price for a share of a property.   Co-ownership is much better value than a timeshare and will cost much less.

If a co-owner wishes to sell his share he must usually give first refusal to the other co-owners, although if they don’t wish to buy it and a new co-owner cannot be found between the existing owners, then the share may need to be sold to another party outwith the group and the escritura amended

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