Yes, owning an ALYF is true real estate ownership. You purchase a share in the property-specific SPV (Special Purpose Vehicle). The title of ownership in the SPV gives you access and the right to use the property throughout the year, based on the percentage of share you own.

Generally, SPV or Special-Purpose Vehicles are legal entities or subsidiary companies created for a specific business purpose or are created to fulfill a specific objective.

ALYF helps the owners buy, own, and enjoy the true ownership of the property. In contrast, most timeshares sell the right to use a fixed amount of time in hotels or resorts shared by a large group of people. ALYF brings together a small group of co-owners to purchase a share of a single-family home and enjoy ongoing access. It handles all management of the property with full transparency and facilitates a seamless resale at any point after 12 months of ownership.

ALYF handles the finding and vetting of the other co-owners. The ALYF platform facilitates any decisions that need to be made regarding the property between the owners. All booking is done through ALYF scheduling software so you never need to coordinate with another co-owner.

In ALYF there are a maximum of eight owners per home so that each owner can enjoy upto 44 days in a year. One SmartOwner can decide to purchase up to 4 shares (owning 50% of the home).

The SmartOwners have a co-ownership in a valuable vacation home. Thus, ALYF will facilitate the loan with best possible options to the Owners. The options include but are not limited to Loan against Property, home loan- top up and personal loans.