Owning a vacation home is a beautiful dream, but the reality of sole ownership can often feel like a second full-time job. That’s where co-ownership comes in, turning that dream into an attainable reality by sharing the load. Think of it as a team effort. Just like in any successful partnership, everyone needs to understand their role to keep things running smoothly. It’s about more than just splitting the mortgage; it’s about a shared commitment to caring for a place where you all create lasting memories. Understanding your co owner responsibilities from the very beginning is the key to a stress-free and enjoyable experience for everyone. This guide will walk you through exactly what to expect, from financial commitments to decision-making.
Key Takeaways Your legal agreement is your guide : A detailed co-ownership agreement is essential for a smooth partnership, as it clearly outlines everyone’s financial duties, usage rights, and the process for making decisions.Shared costs make ownership accessible : The co-ownership model makes having a vacation home more attainable by splitting all expenses, from the mortgage and taxes to routine maintenance and major repairs, among all the owners.Open communication builds a strong partnership : Beyond the legal documents, a great co-owner relationship relies on regular check-ins, setting clear expectations, and working together to solve problems before they grow.What Are Your Responsibilities as a Co-Owner? When you co-own a vacation home , you’re sharing more than just sunny afternoons on the porch; you’re also sharing the responsibilities that come with ownership. Think of it as a team effort, where everyone chips in to keep the home running smoothly. Financially, this means all co-owners contribute to recurring costs like property taxes, insurance, and HOA fees. You also share the expenses for upkeep and any necessary repairs. This shared financial model is exactly what makes co-owning a house more attainable and less of a burden than going it alone.
Beyond the budget, being a co-owner means you have a voice in important decisions about the property. You’ll collaborate with the other owners on things like planning for major upgrades, setting house rules for guests, or deciding on new furniture. It’s a partnership built on communication. While this might sound like a lot to manage, that's where Fraxioned steps in. We handle all the day-to-day operations, from scheduling maintenance to managing the bills, so you don't have to. Your main responsibility is simply to understand the shared agreement and enjoy your home. The goal is to create a seamless experience where the property is beautifully maintained for everyone.
Different Ways to Co-Own Property When you decide to co-own a property, the ownership is structured in a specific legal way. The most common structure for vacation homes is Tenancy in Common. Under this arrangement, each owner holds a separate, distinct share of the property. This means you can sell or pass on your share without needing permission from the other owners. Other forms, like Joint Tenancy, include a "right of survivorship," where a deceased owner's share automatically goes to the surviving owners. Understanding the different rights of co-owners helps clarify what you can do with your portion of the home. At Fraxioned, our LLC model provides the flexibility and protection of a Tenancy in Common structure.
Why Clear Responsibilities Are Key The secret to a happy co-ownership relationship is simple: clear communication and well-defined expectations. Unspoken assumptions can easily lead to misunderstandings down the road. That’s why having a detailed, written agreement from the start is so important. This document acts as your group’s playbook, outlining how you’ll make decisions, share responsibilities, and handle any disagreements that might pop up. By establishing a solid framework, you can prevent small issues from becoming larger problems. This ensures everyone is on the same page and can focus on what truly matters, which is enjoying your shared vacation home.
Your Financial Commitments as a Co-Owner One of the best parts of co-owning a vacation home is sharing the financial responsibilities . Instead of one person covering all the expenses, costs are divided among the owners, making that dream cabin or beach house much more attainable. This approach allows you to enjoy all the perks of a beautiful home without the full financial weight. Let’s walk through the typical costs you’ll share as a co-owner.
Covering the Mortgage and Taxes Just like with any home, the two biggest recurring expenses are the mortgage and property taxes. As a co-owner, you’re responsible for a portion of these costs, typically based on the size of your ownership share. This shared model makes it possible to own a piece of a high-value property that might be out of reach otherwise. We handle the logistics to ensure payments are straightforward and transparent, and we can even connect you with lenders who specialize in co-ownership financing . This way, you can focus on planning your next getaway instead of worrying about payment due dates.
Budgeting for Insurance and Upkeep Beyond the mortgage, every home needs protection and care. Co-owners share the costs of essential services like homeowner’s insurance, which protects your shared investment from unexpected events. You’ll also contribute to a budget for regular upkeep, which covers things like landscaping, pool maintenance, and minor repairs. By pooling resources, everyone ensures the property stays in pristine condition. This proactive approach means the home is always ready for you, your family, and your guests to enjoy the moment you arrive.
Splitting Utilities and Running Costs From a reliable internet connection for those "work-from-the-cabin" days to electricity and water, running a home comes with monthly utility bills. In a co-ownership arrangement, these costs are split among all the owners. This also includes expenses for services that make your stay seamless, like professional cleaning between visits and restocking household essentials. Our myFRAX portal makes it easy to track these shared expenses, so everything is clear and accounted for. You pay one simple monthly fee that covers your share of all these operating costs.
How to Share Expenses Fairly A successful partnership is built on fairness and transparency, especially when it comes to money. It’s important to have a clear system for managing expenses so that everyone contributes their fair share. Keeping good records is key, and if one owner happens to cover a cost upfront, they can easily be reimbursed from the shared operating account. The Fraxioned co-ownership model is designed to manage this for you. We handle the collection of funds and payment of bills, which prevents any awkward conversations and ensures the financial side of things runs smoothly.
Keeping Your Vacation Home in Top Shape One of the best parts of owning a vacation home is having a beautiful, relaxing place to escape to. Keeping it that way does require some care, but when you co-own, you’re never handling it alone. Unlike sole ownership, where every leaky faucet and overgrown lawn is your responsibility, a shared model means the work and the costs are split among all the owners. This team approach makes property maintenance far more manageable and affordable. It transforms the burden of upkeep into a simple, shared line item on a budget, freeing you from the stress of unexpected repairs and constant coordination.
With a solid plan, you can ensure your home is always ready for your next getaway. The key is to think about upkeep in three main areas: the small, everyday tasks; the big, long-term projects; and the local rules you need to follow. When everyone is on the same page about these responsibilities, you can spend less time worrying about maintenance and more time making memories. A clear co-ownership structure helps everyone understand their role, turning potential chores into a smooth, collaborative effort that protects your shared asset and your peace of mind.
Handling Everyday Maintenance From keeping the garden tidy to ensuring the Wi-Fi works perfectly, everyday maintenance is what keeps your vacation home comfortable and welcoming. In a co-ownership setup, these responsibilities are shared. Instead of one person footing the entire bill for landscaping or pool cleaning, the costs are divided among all the owners, making professional services much more affordable. This collaborative approach means you can rely on a well-managed system for upkeep. You won’t have to spend the first day of your vacation fixing a running toilet or tracking down a handyman. Everything is handled, so you can walk in, drop your bags, and start relaxing right away.
Planning for Big Repairs and Upgrades Every home eventually needs larger updates, like a new roof, fresh paint, or upgraded appliances. These big-ticket items can be stressful for a single homeowner, but they’re much easier to handle as a group. Co-owners can plan ahead by contributing to a shared reserve fund specifically for these larger projects. This way, when the time comes for a major repair, the money is already set aside, and no one faces a sudden, hefty bill. It’s a fair system where everyone pays their share for the property’s long-term health. This proactive financial planning is a core part of a successful co-owned property and protects the value and enjoyment of your home for years to come.
Staying on Top of Local Rules Owning a home also means following local regulations, from paying property taxes to adhering to homeowner association (HOA) guidelines. These rules can sometimes feel complicated, but they are an important part of being a responsible property owner. In a co-ownership, you can tackle these requirements as a team. When you partner with a company that specializes in co-ownership, they typically handle the administrative side of things for you. This service is a huge relief, as it ensures your property remains compliant with all local laws without you having to become an expert on zoning or permits. It’s just one more way co-ownership simplifies the experience of having a vacation home.
What Are Your Rights as a Co-Owner? Co-ownership is a partnership, and like any good partnership, it works best when everyone knows where they stand. Understanding your rights is the foundation for a happy and stress-free experience, giving you the confidence and peace of mind to fully enjoy your vacation home. These rights cover everything from how you use the home and schedule your stays to your role in making important decisions and what happens if you decide to sell your portion down the road. It’s about ensuring fairness and transparency for everyone involved.
While general property laws provide a baseline, a well-structured co-ownership agreement is what truly sets everyone up for success. It takes the guesswork out of the equation by clearly defining the rules of the road for all owners involved. This legal framework is designed to protect every owner's rights, ensuring that decisions are made fairly and transparently. It addresses potential questions before they become problems, covering everything from scheduling to maintenance responsibilities. With a clear understanding in place from the start, you can focus less on logistics and more on what really matters: making lasting memories with your loved ones in a home you all cherish.
Your Right to Use the Property One of the most common questions is about access. As a co-owner, you have the right to use and enjoy the entire property, not just a section of it. No single owner can block another from using any part of the home. Of course, with multiple owners, you can't all show up on the same holiday weekend. This is where a clear and fair scheduling system comes in. At Fraxioned, we manage this through our myFRAX Portal , which allows you to book your stays easily and equitably. It ensures everyone gets ample time to enjoy the home without stepping on anyone's toes, turning a potential conflict into a simple planning exercise.
Having a Say in Big Decisions Co-owning a home means you're part of a team, and every team member gets a voice. You have the right to participate in major decisions affecting the property. This includes things like whether to undertake a significant renovation, make changes to the property management, or approve the annual budget. Unless a co-ownership agreement specifies otherwise, all owners typically have an equal say in these important matters. This collaborative approach ensures that the home is managed in a way that reflects the collective desires of the ownership group. It’s about working together to maintain and care for a place you all love.
Your Options for Selling Your Share Life changes, and your vacation home ownership should be flexible enough to change with it. You absolutely have the right to sell your share of the property. In most co-ownership structures, like a tenancy in common, you can sell your interest without needing permission from the other owners. However, you can't sell the entire property on your own; that requires everyone's agreement. A great co-ownership agreement will outline a clear process for this. We make fractionalizing your home simple, providing a straightforward path for selling your share when the time is right, protecting both your interests and those of your fellow co-owners.
How to Make Decisions Together Sharing a vacation home means you also get to share in the decision-making. While it might sound complicated to get a group of people to agree on things, it’s much simpler when you have a clear framework in place. From choosing new patio furniture to deciding on bigger upgrades, making choices together is a core part of the co-ownership experience. The key is to establish a process that feels fair and straightforward for everyone involved. This way, you can spend less time debating the small stuff and more time enjoying your beautiful getaway with family and friends.
Most of the time, these processes are clearly defined in your co-ownership agreement , so there’s no guesswork. This document acts as your guide, outlining how votes are handled and what level of agreement is needed for different types of decisions. Think of it as a playbook for your ownership group that ensures every owner has a voice. With a solid plan, you can focus on what really matters: making memories in a home you all love and care for. It’s all about collaboration and finding the best path forward for the property and for the group. This structure is designed to prevent conflicts before they start, making the entire experience more enjoyable and stress-free for everyone.
Voting and Reaching an Agreement When it comes to making choices about the property, every owner gets a seat at the table. For significant decisions, like whether to make a major improvement or change the rental policy, everyone involved typically has a say. This is usually handled through a simple voting process where each ownership share gets a vote. This democratic approach ensures that no single person is making unilateral decisions for the group.
The specifics of how voting works are laid out in your legal agreement. It will detail what constitutes a "big decision" and how votes are cast and counted. This structure removes ambiguity and helps keep the process smooth and transparent. It’s a system designed to make sure every owner’s perspective is heard and considered before any major changes are made to your shared home.
Majority Rule vs. Full Agreement Not all decisions are created equal, and your co-ownership agreement will reflect that. Some choices might only require a majority vote to pass, like deciding on a new landscaping service or updating the living room decor. This allows the group to move forward efficiently on day-to-day matters without getting stuck waiting for a unanimous vote on every little thing. It’s a practical way to keep the property running smoothly.
However, for monumental decisions, the rules are often different. For example, one co-owner generally cannot sell the entire property without everyone else agreeing. These types of fundamental decisions typically require a full, unanimous agreement from all owners. This protects everyone’s interest in the property and ensures that the most critical choices are made with complete consensus, giving you peace of mind.
Communication Tips for a Smooth Partnership The foundation of any successful partnership is great communication, and co-owning a home is no different. Being open, honest, and clear with your fellow owners will help prevent misunderstandings and build a strong sense of trust. It’s important to create an environment where everyone feels comfortable sharing their thoughts and ideas about the property. Regular check-ins, whether through email, a group chat, or a call, can keep everyone on the same page.
At Fraxioned, we make this easy with the myFRAX Portal , which helps streamline communication and decision-making. Remember to be an active listener and respect different viewpoints. When everyone communicates effectively, you’re not just co-owners; you’re a team working together to create a wonderful retreat for all of your families to enjoy for years to come.
Putting It in Writing: Essential Legal Agreements While handshakes and good intentions are a great start, a successful co-ownership relationship is built on a solid, written foundation. Think of your legal agreements not as a sign of mistrust, but as a shared roadmap that ensures everyone is on the same page. These documents are your best tool for preventing misunderstandings down the line, protecting your friendship, and making sure the focus stays on enjoying your beautiful vacation home.
When you co-own through a platform like Fraxioned, these legal structures are already handled for you, giving you peace of mind from day one. The goal is to clearly outline every owner's rights, responsibilities, and the rules of the road. This way, if questions or unexpected situations come up, you have a clear, mutually agreed-upon guide to turn to. It’s all about creating a fair and transparent partnership so you can spend less time worrying about logistics and more time making memories.
The Co-Ownership Agreement This is the most important document in your partnership. Your co-ownership agreement is the official rulebook for your property, detailing how you’ll manage everything together. It should clearly spell out each person’s financial obligations, usage rights, and responsibilities for the home. Having a comprehensive written agreement is the best way to prevent future disputes. It transforms abstract expectations into concrete terms that everyone can understand and follow. This document is your go-to resource for any questions that might arise, ensuring your shared ownership experience remains smooth and enjoyable for years to come.
Defining Financial Contributions Talking about money upfront is key to a healthy partnership. Your agreement should explicitly state how all property-related costs will be divided. This includes the big-ticket items like mortgage payments, property taxes, and insurance, as well as ongoing expenses for maintenance and utilities. It’s also smart to outline a process for handling unexpected repairs. The agreement should clarify how co-owners can be reimbursed if one person covers more than their fair share of a cost. By defining financial contributions clearly from the start, you eliminate guesswork and create a transparent system for managing your shared investment.
Creating a Fair Usage Schedule One of the best parts of co-owning a vacation home is actually getting to use it. Your agreement needs to lay out a clear and equitable system for scheduling stays. This ensures every owner gets a fair opportunity to enjoy the property. The system could be a rotating calendar, a lottery for peak holidays, or a points-based booking process. At Fraxioned, we handle this for you through our easy-to-use myFRAX Portal . The agreement should also cover rules around guests, renting out unused time, and how decisions about property improvements are made, ensuring everyone has a voice.
Planning Your Exit Strategy Life happens, and circumstances can change. That’s why a well-thought-out exit strategy is a non-negotiable part of your co-ownership agreement. This section outlines what happens if one owner decides to sell their share. It should detail the process for valuing the share, whether other co-owners have the right of first refusal, and the steps for a buyout. In some cases, if an agreement can't be reached, the owners might need to petition for a sale of the property. Planning for this possibility from the beginning provides a clear, fair process that protects everyone involved and makes a potentially tricky situation much more manageable.
What to Do When You Disagree Even with the best intentions, sharing a property means you might not always see eye to eye. That’s completely normal. The difference between a minor hiccup and a major headache is having a clear plan for how to handle disagreements when they pop up. Whether it’s about money, scheduling, or home improvements, knowing the steps to find a resolution keeps your partnership strong and your vacation home a place of relaxation, not stress. A solid co-ownership agreement is your foundation, but it helps to know your options if you hit a bump in the road.
Handling Money Disagreements Money can be a sensitive topic, so it’s best to have clear rules from the start. All co-owners are responsible for their share of property costs, including mortgage payments, taxes, insurance, and general upkeep. If one owner ends up covering more than their portion for a necessary expense, they have the right to be reimbursed by the others. This is where your operating agreement becomes so important. It outlines everyone’s financial duties, preventing misunderstandings. With a structured co-ownership model, these contributions are clearly defined and managed, so you can focus on enjoying your home instead of worrying about who paid for what.
Solving Conflicts Over Scheduling and Use Deciding who gets the house for the holidays or whether to make a big upgrade can sometimes lead to friction. Co-owners often have different ideas about how to use the property, like whether it should be rented out to offset costs. Generally, major decisions like renting the home or making significant changes require unanimous agreement. This ensures everyone feels heard and respected. The best way to avoid scheduling conflicts is to use a shared, transparent system. The myFRAX Portal makes booking your stays simple and fair, so everyone gets a chance to create memories in their home without any confusion or double-bookings.
Ways to Find a Resolution When you can’t reach an agreement through conversation, your co-ownership agreement is the first place to look for guidance. It should detail the process for resolving disputes. If you’re still at a standstill, mediation with a neutral third party can be a great next step to help find common ground. For more serious disagreements, it might be wise to speak with a lawyer who specializes in real estate. In rare cases where co-owners can no longer continue the partnership, a legal process called a partition action can be used to divide or sell the property. You can find more details on how these situations are handled on our FAQ page .
How to Manage Your Shared Budget Managing money together doesn't have to be complicated. With a little planning, you and your co-owners can handle shared finances smoothly, making sure everyone feels confident and secure. The key is to establish a clear system from the start. This way, you can focus less on bills and more on creating memories in your beautiful vacation home. A transparent financial plan prevents misunderstandings and keeps the partnership strong for years to come. Here are a few simple strategies to keep your shared budget on track.
Using a Joint Account for Easy Payments One of the easiest ways to handle shared costs is to open a joint bank account. Each co-owner can contribute a set amount every month to cover recurring expenses like mortgage payments, property taxes, and insurance. This central fund makes paying bills straightforward and transparent, since all transactions are in one place for everyone to see. It also prevents one person from having to front the money and chase down reimbursements. Setting up automatic payments from this account for regular bills can make the process even smoother, ensuring nothing gets missed.
Building a Fund for Surprises Every home comes with unexpected costs, whether it’s a leaky faucet or a dishwasher that suddenly gives up. That’s why creating a contingency fund is a smart move. By having each co-owner contribute a small amount to this fund regularly, you’ll build a financial cushion for surprise repairs or necessary upgrades. This proactive approach means you won’t have to scramble for cash or debate costs when something urgent comes up. Your co-ownership agreement should outline how much everyone contributes and how the funds can be used, keeping the process fair and predictable.
Keeping Track of Who Paid What Even with a joint account, good record-keeping is essential for transparency and peace of mind. A simple shared spreadsheet or an app can help track all income and expenses related to the property. This creates a clear financial history that anyone can check at any time. At Fraxioned, owners can use the myFRAX Portal to view statements and manage their account details, which simplifies everything. Having detailed records is especially helpful if an owner covers an unexpected expense personally, as it makes reimbursement clear and easy for everyone involved.
Maintaining a Great Co-Owner Relationship Sharing a vacation home is about creating memories, and a strong, positive relationship with your co-owners is the foundation for that. While a solid legal agreement sets the rules, it’s the day-to-day communication and mutual respect that truly make the partnership work. Think of it less like a business transaction and more like a team sport where everyone is working toward the same goal: enjoying a beautiful home without the stress. Building this kind of partnership doesn't happen by accident; it takes a little intention and effort from everyone involved.
The good news is that maintaining a great relationship doesn't require complicated strategies. It really comes down to a few core principles that foster a sense of teamwork and goodwill. By focusing on clear communication, setting expectations early, and handling small issues before they become big ones, you can ensure your co-ownership experience is smooth, enjoyable, and free of unnecessary conflict. These simple practices help build trust and make sure every owner feels heard and valued. When everyone feels respected and aligned, the entire experience of owning a second home becomes more rewarding. It transforms the property from a shared asset into a shared sanctuary where you can relax and connect with family and friends.
The Power of Regular Check-ins Just like any important relationship, your co-ownership partnership thrives on good communication. Regular check-ins are a simple way to keep everyone on the same page and feeling connected. This doesn't have to be a formal, stuffy meeting. It could be a quick monthly video call, a shared group chat for updates, or an email thread to discuss upcoming maintenance. The key is to create a consistent space to talk. These check-ins help co-owners stay aligned on goals, address any concerns, and foster open communication . When you talk regularly, you build a rapport that makes it easier to handle any issues that pop up later. It’s all about preventing misunderstandings and strengthening the partnership over time.
Set Clear Expectations from Day One Starting your co-ownership journey with clarity is one of the best things you can do for the relationship. From the very beginning, it’s important to establish clear communication about roles, responsibilities, and expectations. Your co-ownership agreement will cover the major legal points, but you should also discuss the smaller, everyday details. For example, what are the house rules for guests? What does "leaving the place tidy" look like to everyone? Who is the point person for restocking supplies? Having these conversations early helps prevent confusion and ensures everyone is aligned. When expectations are out in the open, there’s less room for assumptions and frustration down the road.
Tackle Small Problems Before They Grow It’s tempting to let minor annoyances slide to avoid a difficult conversation, but addressing small issues as they arise is essential for a healthy co-owner relationship. A forgotten chore or a scheduling mix-up is much easier to resolve than months of built-up resentment. The goal isn't to criticize but to find a solution together. Using constructive conflict resolution shows mutual respect and allows you to solve problems collaboratively before they escalate. A key part of this is active listening, which helps build the trust needed to work through challenges. By creating a culture where it’s safe to bring up concerns, you ensure your shared vacation home remains a place of relaxation, not stress.
Planning Your Exit: How to Sell Your Share Life is full of changes, and your vacation needs might change too. Thinking about how you’ll sell your share down the road isn’t pessimistic; it’s just smart planning. When you co-own a property, having a clear exit strategy from the beginning ensures the process is smooth and fair for everyone involved. A well-drafted co-ownership agreement will be your guide, outlining the steps so there are no surprises when it’s time to move on. This way, you can focus on the memories you're making today.
Selling Your Share to Someone New When you're ready to sell, you might find a buyer outside of your co-ownership group. The flexibility to do this often depends on how the ownership is structured. With a "tenancy in common" arrangement, you can typically sell your share without needing approval from the other owners. This gives you a great deal of freedom. Your co-ownership agreement should detail the exact process, including any requirements for notifying the other owners. The goal is to make the transition seamless while respecting the shared nature of the home. You can learn more about how Fraxioned structures its co-ownership model to support a simple and clear process.
How Buyouts and Valuations Work Often, the easiest path is selling your share to one of the other co-owners. This keeps the property within the original group. To make this work, you’ll need to agree on a fair price, which is usually determined by a professional appraisal or a pre-set valuation formula. Having this spelled out in your legal agreement prevents disagreements later. While courts can step in to facilitate a buyout if owners can't agree, a solid agreement makes that scenario very unlikely. The aim is always to find a solution that feels right for everyone and preserves the positive relationships you've built.
Understanding the Right of First Refusal A "right of first refusal" is a common and incredibly useful clause in co-ownership agreements. It means that if you receive an offer from an outside buyer, you must first offer your share to the other co-owners at the same price and terms. They then have a specific amount of time to decide if they want to buy it. This provision gives the group control over who joins their circle, helping to maintain the home's atmosphere and the group’s dynamic. It’s a simple way to ensure everyone feels secure and respected throughout the life of the shared ownership .
Related Articles Frequently Asked Questions What happens if another co-owner stops paying their share of the expenses? This is a common and very valid concern. Our legal framework is designed to protect all owners in this exact situation. The property is owned by an LLC, and the operating agreement that all owners sign includes clear procedures for defaults. If an owner misses a payment, there are specific steps to resolve the issue, which can ultimately lead to the sale of their share to ensure the property's finances remain stable. This structure protects you and the other owners from having to cover someone else's costs.
How is the schedule for using the home decided, especially for popular holidays? We use a fair and transparent scheduling system through our myFRAX Portal. The system is designed to ensure every owner gets equitable access to the home throughout the year, including those high-demand holiday weeks. Owners can plan their stays well in advance, and the system rotates priority for major holidays each year. This prevents any one owner from monopolizing the best dates and turns what could be a point of conflict into a simple, organized process.
What is Fraxioned's role in managing the day-to-day details? Think of us as your dedicated property management team. We handle all the behind-the-scenes work so you can simply arrive and relax. This includes paying all the bills like utilities and property taxes, scheduling professional cleaning between stays, managing all interior and exterior maintenance, and handling any necessary repairs. We take care of the logistics so you and your fellow co-owners don't have to worry about them.
Can I make personal touches to the home, like bringing my own decor or leaving personal items? The homes are professionally furnished and decorated to create a consistently beautiful and welcoming experience for all owners. While you can't make permanent changes to the decor, each home includes a secure, private storage space for every owner. This allows you to keep personal items like ski gear, family photos, or your favorite kitchen tools at the house, so it truly feels like your own space each time you visit.
What if I want to sell my share but can't find a buyer right away? When you're ready to sell, you have a few great options. Your co-ownership agreement includes a "right of first refusal," which gives your fellow owners the first opportunity to purchase your share. If they pass, you are free to sell it on the open market. We can assist you by listing your share on our website and marketing it to our audience of interested buyers, which helps connect you with people who already understand and value the co-ownership model.
