
Flyway Homes: Managing relationships between property co-owners
One of the most common reactions I hear from people (who don’t yet know how Flyway works) about co-ownership of a house is usually “well, good luck with figuring out your relationships with co-owners and agreeing how to manage the property”.
This is very natural. To this day, fractional ownership failed because of all the interactions that had to take place between co-owners of an asset in order to agree on its use – whether it’s the use of time, cost, and other decisions about the asset. Each co-owner could have a different point of view about each topic and then it was becoming an unsolvable puzzle.
Rules of co-ownership
But Flyway’s model is here to solve this problem in the most fundamental way possible. What Flyway does is create a set of “rules” based on which the property is managed. The rules are based on a combination of common sense and a general idea of fairness and equal treatment. These rules have to do with issues like:
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Πηγή: flyway.app