We’re here to facilitate co-ownership

Kocomo is a marketplace and educational hub for the co-ownership of vacation homes, bringing people closer to their dream of owning a second home.

Kocomo makes it easy to learn about the co-ownership model, compare the industry’s key providers, and find the vacation property that’s perfect for you.

Co-ownership simply means that a property is owned by a group of multiple owners instead of one single entity. This is also known as fractional ownership - a concept and practice used to democratize access to otherwise unattainable assets.

Fractional ownership has existed for a long time, but it is difficult and costly to get right without a neutral third-party administrator to ensure transparency and fairness amongst co-owners. This is where Kocomo and our trusted co-ownership partners come in: We are paving the way to modern co-ownership and taking care of all the details so you can enjoy complete peace of mind.

Very simply, co-ownership providers enable multiple people to own one home and split all the costs amongst them, without the fuss and hassle normally involved. This is a smart and economical way to own a vacation home, as buying a whole home for just a few weeks a year feels like more hassle than it’s worth - while spending money on a rental is a waste.

Co-ownership providers make this possible by managing all the legal and administrative processes that come with home ownership, as well as all the property management. This removes the hassle of owning a home abroad and allows people to indulge in ultimate relaxation and unfettered quality time with their loved ones.

Not at all.

 With a co-owned home, you own a portion of the home (not only the right to use time there). You actually own a share of the home’s equity, and you can benefit from any appreciation in the value of the underlying real estate over time. By contrast, with a timeshare, you own only the right to use the property, typically for a fixed period of time each year.

If you want to sell a timeshare, you must attempt to sell it back to the resort operator who sold it to you, which often results in a loss relative to your purchase price. In general, with a co-owned home, you simply need to list your share on the provider’s marketplace to find another buyer.

Timeshare properties are typically hotel rooms or condo units in a resort property, while co-ownership properties are standalone vacation homes in prime locations chosen for their physical beauty, cultural heritage, and access to multiple outdoor activities.

Co-ownership is the new and transparent version of fractional ownership.

Historically, the traditional fractional model provided little transparency on cost and developers gave minimal support to owners when they wanted to sell their share.

Modern co-ownership, on the other hand, is being taken in an exciting new direction by the current players. The property value, margins charged on top, and future maintenance costs are all clearly communicated to co-owners - and importantly, providers make it easy to sell your co-ownership share when you’re ready to.

No, it is different.

Co-ownership is frequently based on an LLC structure (or country-specific equivalent) that provides limited liability protection to its owners or members. It combines the benefits of a (limited liability) corporation with the flexibility and tax advantages of a partnership. The owners of an LLC have their personal assets protected from the company’s liabilities, meaning their liability is limited to the amount they have invested in the LLC.

In contrast, a tenancy in common is a form of property ownership where two or more individuals hold an undivided interest in a property. Each owner in a tenancy in common has a separate and distinct ownership interest which can be of equal or unequal shares. Tenancy in common allows each owner to sell, transfer, or encumber their share of the property independently.

While both LLC co-ownership and tenancy in common involve multiple owners, they serve different purposes. LLCs are used in co-ownership to provide limited liability protection, while tenancies in common are a form of property ownership.

A co-owned property can have between 2 to 8 co-owners, however, it is most common for there to be 8 co-owners.

Each co-owner can enjoy the home for a pro-rata amount of time depending on the number of shares that they acquire. In the case of one share, each owner can enjoy around six weeks at their home per year. 

 It is also sometimes possible for one person to purchase up to four co-ownership stakes (owning 50% of the home).