Fractional Ownership refers to the shared ownership of an asset or property by two or more individuals. Fractional ownership, also known as co-ownership, is a method of democratizing access to expensive assets. Doing it correctly has been difficult and costly without a third-party administrator to guarantee transparency and fairness between owners. Kocomo is revolutionizing the co-ownership experience by doing all the work ourselves, providing you with complete assurance.
HotelYaari offers an innovative way to own your ideal vacation home in India and abroad. Our technology enables us to create a transparent marketplace for buying, owning and selling shared ownership interests in luxurious vacation homes in selected locations around the world.
By becoming a co-owner of a Hotelyaari Vacation home, you can book time slots via our proprietary scheduling system and enjoy the home while we take care of all the maintenance, such as utilities, landscaping, pool upkeep, insurance and repairs. It's convenient ownership with no stress.
We make it easy for multiple people to own a Holiday Home and share all the costs. This eliminates the hassle that often comes with home ownership. We call this the smarter way to own a Holiday Home since buying an entire home for just a few weeks each year is not worth the effort, and renting is an unnecessary expense.
We manage the legal and administrative tasks associated with owning a home, as well as property management. This allows people to enjoy ultimate relaxation and quality time with their loved ones without any stress.
A HotelYaari Holiday home is different from a timeshare in several important ways. With a HotelYaari home, you own a share of the property's equity and can benefit from its appreciation. On the other hand, with a timeshare, you just have the right to use it for a set amount of time annually.
If you want to sell a timeshare, you must try to sell it back to the resort operator who sold it to you, which often leads to financial losses. With a HotelYaari home, you can list your share on our marketplace and find another buyer. We provide assistance with this process.
A HotelYaari Holiday home is different from a timeshare in several important ways. With a HotelYaari home, you own a share of the property's equity and can benefit from its appreciation. On the other hand, with a timeshare, you just have the right to use it for a set amount of time annually.
If you want to sell a timeshare, you must try to sell it back to the resort operator who sold it to you, which often leads to financial losses. With a HotelYaari home, you can list your share on our marketplace and find another buyer. We provide assistance with this process.
Each home can have a maximum of 20 co-owners so that each family can have at least 2 or more weeks of use per year. A single person may purchase up to 10 co-ownership stakes, resulting in them owning half of the home.
To purchase a home in HotelYaari, first, find one you're interested in and discuss our co-ownership offering with a specialist. Then, sign the Sales Agreement and make a INR 25,000 fully refundable deposit to secure your ownership share.
You'll receive documents like the Pvt Limited Company Agreement and Management Agreement for review, and have time to ask questions. Visit the property for satisfaction before funding the balance of the deposit.
Upon closing, you'll receive an ownership certificate and be guided through scheduling by one of our HotelYaari Relationship Manager. Finally, enjoy owning your own home with confidence knowing you've bought it smarter.
We charge two fees: a one-time service fee of 20% of the share's value when you purchase the home and a monthly convenience fee for continuing to maintain and administer the home. All other costs are passed through without extra cost.
Each HotelYaari home is divided into twenty equal stakes. You can purchase more than one stake if you wish; for example, purchasing 10 stakes will give you a 50% ownership of the property. Having more stakes increases the amount of time you can spend in your home and allows for greater returns when selling it.
You don't need to worry about legal documents or paperwork when buying a home since the property is owned by a private limited company, as everything can be done digitally and from the comfort of your own home. However, you may still choose to visit the property before making your purchase.
We can assist you in organizing a visit to the property before signing the Sales Agreement and after paying the refundable deposit. Additionally, you will have the chance to perform a full inspection of the property before proceeding with your purchase of an ownership interest.
You can become a shareholder as part of an ownership group. To find out more, contact one of our representatives.
You have an ownership stake in the home, as well as all fixtures, furnishings, decorations, appliances, electronics, linens, cookware, tableware and supplies that are inside it.
If the owners of the Holiday Home feel that HotelYaari is not providing satisfactory service, they can vote to remove them as the program manager.
If the owners of the Holiday Home feel that HotelYaari is not providing satisfactory service, they can vote to remove them as the program manager.
You may sell your property share at any time, just as with any other real estate asset. However, you must hold it for at least one year before doing so.
HotelYaari offers flexible liquidation options with no limitations on selling, gifting or transferring shares. Once the lock-in period is over, owners are free to sell at their desired price. When exiting, co-owners must utilize HotelYaari's services to offer the shares to other co-owners via common channel partners or on HotelYaari's marketplace. If HotelYaari cannot sell the share, owners can then opt to sell it to a third-party of their choice.
You have the right to sell your share of the real estate asset at any price you choose. However, we regularly monitor market trends and can provide an appropriate price point.
The owners have the liberty to sell their share without requiring permission from the other co-owners.
Yes, the Sub-Condo owner can mortgage their underlying share in the property.
If a co-owner passes away, their share of the property will be distributed according to their last will and testament or applicable laws of intestate succession.
Each co-ownership stake grants fifteen days of access to the property. Our scheduling system ensures that all owners receive five days during the high season, 5 days in the shoulder season, and 5 days in the low season.
Co-owners will be allocated days according to the HotelYaari scheduling system. It is easy to use and fair based on the number of shares owned. The system displays real-time availability and supports three types of owner stays: Planned, Special, and Spontaneous. Planned stays can be booked up to 24 months in advance, while Special stays include major holidays like Diwali and Christmas. Spontaneous stays must be made 24 hours to 30 days before arrival.
If you are unable to use the time you have booked, you have two options:
- Give a friend or family member your time as a gift (and earn their appreciation forever).
- Rent the time - let us know when you want to rent it and we will coordinate the rest. The rental income will go directly towards covering your annual operating expenses.
- Our app enables co-owners to anonymously exchange timeslots. We will assess each request and determine if a suitable match can be made.
- Our partners offer a platform that provides access to similar properties in different locations globally. This will provide you with the keys to book a property at a suitable time.
Each co-owner is responsible for the annual recurring expenses, which include basic services such as house maintenance, cleaning, gardening and cooking.
Our Platform Fee includes 24/7 access to a concierge service via the Hotelyaari App, which can assist with booking services such as airport pickup, a chef, massage, restaurant reservations, grocery shopping and day excursions. These services are booked at cost without any profit for HotelYaari; however, there may be additional charges.
Every co-owner will be allocated a secure area of the house to store personal belongings.
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