FAQs

faq

you buy 25%, 50% or 100% in a ski home fully serviced by people of gravity
the property ownership rights are registered in a public register under llc's name in case of 25% and 50% ownership and under individual's name or company's name in case of a full ownership
llc-based structure:

provides confidentiality

limits liability

protects against the bankruptcy of co-owners

utilizes corporate law to better define and enforce co-owners' rights and mutual obligations, for example, through a corporate agreement

enables co-owners to access other members' properties
you express an interest, conduct due diligence and complete the transaction through us or through a partner agent with our 24/7 assistance. the only difference from a traditional real estate purchase is that you acquire a share in a property-holding llc, not a direct share in the property itself
we curate all properties. you express your interest and conduct due diligence. then, we create an llc and jointly purchase the property under the company's name. we cover either 75% or 50% of the cost, depending on the share you are buying. accordingly, you pay either 25% or 50%. then people of gravity finds, vets and matches fellow co-owners
the process is similar to buying an existing property. the difference is that people of gravity commits to complete a home by a specific date
the price includes:

property itself

design, decoration or renovation

everything inside the property, including furniture and appliances

car

all associated purchasing costs
yes
we can provide up to 50% of the purchase price through our financial partners. this is faster and easier than traditional mortgages
our in-house team of designers and architects based out of udine, italy. we have exclusive agreements with top global brands for appliances, furniture and materials, allowing us to be better, faster and more cost-effective than anyone else
yes, all properties are insured according to our high standards. co-owners can vote to increase and expand the insurance coverage

we are the single point of contact for all tasks and requests, including minor and major repairs, preventive and ongoing maintenance, emergencies, etc. we aim to make all of this seamless and non-visible to our co-owners, but sometimes situations require prompt intervention. whatever happens and whatever you need, contact your host 24/7
it is a contract that people of gravity offers to owners. all properties are managed by us under this agreement by default. the management and maintenance of people of gravity properties by us is both a necessity and a significant advantage for our members
it is an agreement between people of gravity and owners that establishes the rules and policies and regulates the relationship and operational activities of our concept to ensure its smooth functioning
any material changes regarding the subject and terms of the agreement can only be adopted and made after a decision is approved by 100% of the votes of the llc shareholders or the full owner in case of 100% ownership. we have limited rights to make immaterial changes to the agreement, such as changing the legal address of the llc for financial statement purposes
the calculation of expected monthly expenses is based on numbers of the previous year and takes into account market and macroeconomic changes. it also considers anticipated capital projects (such as kitchen replacement or roof repair) and ongoing maintenance and repair projects. we assess expected monthly expenses on a quarterly basis. this approach helps avoid unfair estimates and unnecessary costs
during the periodic expense approval process people of gravity team determines whether an increase in expenses is required based on the current cost of services necessary for property maintenance. any increase is justified and agreed upon with the owners
members are responsible for any damage caused during their stay, such as breaking a vase or similar incidents, as a result of their actions
owners are not personally responsible for items with a limited lifespan that inevitably require repair or replacement, such as a broken washing machine. these costs are covered by the reserve fund of the llc. however, each owner is responsible for the repair or replacement of damages caused by their own actions or those of their guests, such as a broken window
we always act as a guarantor protecting other co-owners. people of gravity services a loan in case of share purchase financing, forecloses on the share and resells it to a new co-owner
in such a case people of gravity covers the costs and later recovers the expenses from the responsible co-owner
each ¼ share carries one vote. co-owners can bring any significant issues to a vote, such as purchasing a new vehicle or conducting major repairs. to initiate a meeting, you need to notify your home manager
this fund is necessary for repairs, replacements and unforeseen expenses. the reserve fund is kept in cash on the llc's account. any spending from these funds occurs through a tender process organized by us. co-owners can use the fund for replacing items with a limited lifespan. any co-owner can initiate a vote on replacing any item or element of the property
we manage and service the property on behalf of the co-owners and in their interests in accordance with the operational agreement. the company is authorized by the co-owners to make any minor decisions related to routine procedures. any significant decisions require a vote from the co-owners. people of gravity acts as a neutral party and resolves any internal disputes between co-owners in the rare cases they arise
yes, this can be done through a vote of the co-owners. our goal is that co-owners don't notice what happens behind the operational scenes and simply enjoy their property. when everything is going well, it usually goes unnoticed. when a problem becomes noticeable, and unfortunately this happens sooner or later with real estate, we promise to quickly and efficiently make this aspect of life seamless again. however, if we ever fail short to keep our promise people of gravity can be replaced
yes, this can be done through a vote of the co-owners. our goal is that co-owners don't notice what happens behind the operational scenes and simply enjoy their property. when everything is going well, it usually goes unnoticed. when a problem becomes noticeable, and unfortunately this happens sooner or later with real estate, we promise to quickly and efficiently make this aspect of life seamless again. however, if we ever fail short to keep our promise people of gravity can be replaced
no, unless through a 100% vote. the people of gravity concept and properties are designed exclusively for owners and their guests. the main idea behind our concept is to make renting out for covering ongoing expenses unnecessary. but if a full owner or all co-owners of a home want to get an extra rental income from their property they can rent the property out through people of gravity for a small commission
all the statements are sent to co-owners annually at the end of the financial year. any financial information, invoices, statements, expense distributions, etc., are readily available upon request
it depends on whether or not there is a will. if there is no will, the share will be inherited by the deceased's heirs, and they will jointly take ownership of the share. this will not affect the other co-owners
yes, the value of your share appreciates in proportion to the growth in the value of the property. you can either sell your share at market value or sell the entire property along with the other co-owners (this will require a decision by vote) and distribute the profit gained. in case of full ownership such an owner can sell at any time
the llc is the taxpayer for property tax if there is one. each co-owner bears expenses proportional to their share in the llc that owns the property. this tax is usually a local tax, so the numbers depend on the region where the property is located

it's your property, so you can start using it as soon as the legal formalities are completed
a ¼ share gives you the right to stay 88 days a year. this is significantly more than people usually spend in their second homes. an important part of the concept is curating of co-owners for one property so that their travel preferences allow everyone to use the property in a way that is as close as possible to how 100% owner would use it
the duration can range from 2 to 28 days. for the stays which include the special dates the min. and max. number of days may vary depending on the property location
there are two types of stays for co-owned properties: common and short-notice. a common stay is one that can be planned at least 7 days in advance. the number of common stays are limited only to a number of the days available according to the ownership share. maximum 4 common stays can be planned and reserved in the calendar at any given moment of time
a short-notice stay is one that can be planned 2 to 6 days in advance for co-owned properties. such stays can be planned without restrictions in addition to the four common stays that are already planned and booked in the calendar
special dates include major holidays and weeks as well as the most popular local events. they are highlighted for each home in the calendar in our mobile app
if co-owners have requests that don't fit within our logic, they can contact their manager to request an exception. typically, the manager will confirm the request within a few hours
to ensure the travel planning and the usage principles are equal and fair we've developed a simple logic:

stays can be planned up to 4 years in advance. this might seem excessive but can be useful if, for example, a truly significant event, like a milestone anniversary, needs to be planned

co-owners can have up to 4 planned and uncompleted stays at any given time. the idea is to avoid "just-in-case" bookings and keep the calendar as open as possible for trips that co-owners are confident about

the duration of each stay can vary from 2 to 28 days (special dates can be from 7 to 14 days)

back-to-back stays can only be planned through the manager

there must be a break between stays equal to or longer than the duration of the previous stay

a common stay can be planned 7 or more days in advance

a short-notice stay can be planned 2–6 days in advance

short-notice trips can be planned in addition to the 4 common stays already planned and booked in the calendar

travel rules for special dates may differ depending on the home/apartment location, so they are outlined in llc corporate agreement

if co-owners have requests that don't fit the logic, they can contact their manager to request an exception. typically, the manager confirms the request within a few hours
each property has a designated space for co-owners' personal belongings, and for apartment owners, items are stored in our storage nearby. items that require special storage conditions are kept in strict accordance with those conditions
of course. please register your friends in advance if they are coming without you, so they can download the people of gravity mobile app to set up their stay and manage the home's systems
we carefully consider the preferences and allergies of co-owners and their family members. therefore, all properties are categorized as pet-friendly (dogs and cats), dog-friendly (only dogs), or properties where pets are not allowed
no. owners do not need to follow this legacy and unpleasant procedure. there is always a minimum of 24 hours between co-owners' stays to ensure the home is fully prepared for the next stay
your manager is a member of our team who is personally responsible for your experience as a property owner. they handle any matters related to the property, legal entity, balance of days, stay rules and more
a host is a member of our team assigned to a specific property. they are responsible for everything that happens during the stay of the owner, their family members and friends, and also during the planning stage of a stay, including preliminary orders, bookings, deliveries, and more
although the ownership structure and the shareholders agreement ensure full protection for co-owners we do everything to shield members of our community from any, even the smallest, inconvenience. after potential co-owners submit their purchase application, they undergo a compliance procedure similar to the one when opening a bank account. once it is completed, they have a personal meeting with the senior regional manager. all potential owners must also agree to people of gravity homes policy and code of conduct. we reject any forms of discrimination but do not accept people who may make members uncomfortable
one of our main value propositions is that the owner can pay around 25% of the property's cost and use it almost as if she/he owned it entirely. before closing, we ask the buyer to fill out a short form that helps us make a tailored offer. we ask potential buyers to share how, when, with whom and where they typically travel as well as about the average duration of the trips. we also ask questions about allergies, pets, and so on. whatever their preferences are there will always be another potential buyers who travel differently. therefore the preferences do not overlap, so buyers can be a perfect match for co-owning the same property. if you are the first to purchase, subsequent co-owners will align their travel profiles with yours. every following co-owner must be comfortable with the travel preferences of those who purchased shares before

you can sell your share through any agent, just like a regular transaction, through us or directly to us. you set the price yourself
the owner has the right to sell their share back to people of gravity within three months after the first year of ownership, provided that the owner has stayed in the property for at least 30 days during that year. the logic is simple: if you didn't enjoy it, we're not happy either. we will buy back the share at the purchase price minus transaction costs, commission, and any expenses related to your ownership and stays during that period, if applicable
owners are allowed to transfer ownership from one property to another within 6 months after the end of their first stay, but no later than 15 months after the purchase. if the owner wants to transfer ownership to a more expensive property, they simply need to pay the price difference. if the owner wants to transfer ownership to a less expensive property, the price difference will be credited toward operational and other expenses, with no time limitations (except for tax payments)
the property can be sold by the llc that owns it. this requires a unanimous decision of the shareholders. the property can be sold as a real estate or through the 100% sale of the shares of a llc that owns the property
no. if you are full owner you can sell it like there was no people of gravity by any method you prefer

the host is available 24/7. we buy, order, find, deliver, book, meet and see off, provide transportation, recommend, explain, answer, repair, feed, take care and think
because we create a level of comfort comparable to the world's best hotels, and in terms of local experience we surpass them. our homes don't have restaurants or receptions, but we know more and strive to do better
these are arrival or stay packages that include curated-by-location food and beverages (f&b), toiletries and everything else you might expect from the traditional hospitality industry. the kits are available upon request
prior to the stay owners can fill out a rider in the mobile app or personal account on the website. just like a rock star on a tour. this form covers everything you might need during your stay: what should be prepared, delivered or reserved, any personal requests: which flowers should be placed and where, what the room temperatures should be in the kids' room (though you can do it in the app yourself!), etc

to travel to properties that are owned by other people of gravity members you need to transfer any number of days from your home's balance to your travel balance. this can be done through the mobile app, your personal account on the website or by contacting your manager
when you purchase a share of 1/4 in a people of gravity property, you automatically receive 88 days on your home balance and 0 days on your travel balance. the full owner receives 352 days (the rest is reserved for the maintenance and stay preparations). then you can transfer any number of days from your home balance to your travel balance before the start of the next calendar year. these days can then be used to stay in other people of gravity properties without rental costs. once you've transferred days to your travel balance, all homes and apartments whose owners have also transferred days to their travel balances become visible and available for booking. you can plan trips to these properties using the same calendar and rules as for your own home
our year begins on january 1st. in the year you purchased your home or apartment, it starts from the date of purchase and ends on december 31st. for example, if you buy a share on july 1st, you will have 44 days on your balance until the end of the calendar year. starting january 1st, you will receive 88 days for the entire following year
the level and range of services are the same whether you are in your own home or traveling to any other people of gravity property. the host of the home you aim to stay at becomes your host during such a stay. all services are also available through the mobile app
yes. all vehicles are insured, but in case of damage, you may be held responsible. for example, if a minor incident occurs due to your fault, you may be required to cover the cost of a temporary replacement vehicle while the original is being repaired
of course, that's the whole point. you can use any other people of gravity property as if it were your own. other owners also use your home within the days you've transferred from your home balance to your travel balance
now people of gravity is available only in japan with (2025), italy and canada are next to come in 2026–2027