What kind of people are welcomed? We're a knowledge and work oriented community. If you've something you're learning, working on, or helping others to learn, especially if you're passionate about it, you'll fit in. One of our few collective values is diversity, and to achieve that we must be inclusive — providing it doesn't affect our ability to work on our own projects.
We thus welcome any age or occupation that fits with this, including kids and pets at times. But if you're a chainsaw wood sculptor or just had quintuplets that could be problematic. 🧐 We'd always recommend you seek something that might better suit you. Nonetheless we've enough spaces for you to setup an easel and paint in quiet—even whilst others partake in an intense karaoke session or bash out code.
To provide affordable co-owned accommodations with workspace, for professionals, especially location independent — within a diverse ecosystem and network of such spaces. Some may be owned by a single co-operative, others may be commercial or independent. The Village 3.0 foundational message is strongly aligned.
Our aim is not that of an intentional community in which everyone has the same intent, but rather for everyone to pursue their lives purposefully with diverse interests and approaches — getting outside the bubble. Wherein intents may align, enabling members to share experiences and collaborate, amplifying our capabilities in new endeavours. Intentional groups will form amongst us within and supported by a more diverse diaspora than one finds with more typically singular intentional communities. We align closely with the approach of The Collective outlined in this interview.
Our core model is based around multiple types of property serving broad community uses:
Some of these may be hosted by other communities (e.g. co-housing projects) or those having a specific focus (e.g. permaculture) yet which support our open values.
To become a member of the co-operative you must own shares. The share sale contract provides guarantees that you can purchase them during the initial issue, whilst allowing some time to cancel if plans change on either side.
At the time of making the contract you can indicate if A. any property is good for you (e.g. coliving) or B. if only a specific property is (e.g. cohousing).
When we have enough members who've committed to a contract, we will take a vote on the plans and if it no longer matches your choice, your contract is voided. In the worse case if the minimum is not achieved, we may cancel all the contracts thus avoiding the need to vote to return any funds as none would have been paid.
Only the contracts matching the plan that is voted through shall become members. It may be some months before the vote is taken, and whilst contracts are issued.
The co-owner share classes are all community shares, which are used for raising capital in community-owned businesses, and are withdrawable (subject to waitlist) at original value.
The special classes are not withdrawable, holding only a nominal value and expire or may be cancelled depending on the terms of their issue or contribution.
All may be held by any legal person (i.e. including companies). Rental bookings are open to everyone. Dividends are credited to account and may thus be used stays and other costs.
Coliving shares are intended for those whom will mostly use the space themselves. If you use it more you pay the normal rental rate, but during their corresponding time the shares discount to costs-only. If you use them less, you can give time away, or sublet. There are no restrictions on transferring time to other members, but there are for (new) members as you must vouch for them. This is to prevent the acquisition of these shares exclusively for sublets as would be damaging to the community.
Investment shares are for those whom will not use much or any time at the space. They pay dividends, so if you wanted to choose between payouts or use, you would need approximately twice the number of shares to receive dividends enough to cover the cost of (a standard) rental.
You can hold both types of share, in which case you could use dividends from investment shares to cover your contribution to costs, thus effectively a life-long cost free stay.
There will be several separate share issues and your pledge pre-qualifies you for some. Amounts under €10,000 must be paid up upon completion of the contract, amounts over this can have flexible terms, with minimum 25% upon contract acceptance. One person may apply for multiple types of shares.
For the issues corresponding the property acquisition, all contracts shall be issued with a payment settlement date in the future, and with a termination clause on the society's part for said date, should funds be inadequate to proceed. In which case potential members shall take a vote to A. have the contracts terminated, B. purchase the shares on the understanding that project commencement may take longer, or C. to persue a cheaper property.
A Co-operative Society limited by shares. If you're interested in why not a CIC, this article explains issues with their long-term resilience, but also because their dividends are capped, unlike a society. Furthermore a co-operative is permitted to promote the sale of community shares (without an extremely costly prospectus).
The society's rules use a multi-stakeholder model based on FairShares, but remove most decision making from the board and directors in favour of direct shareholder votes, this further upholds the co-operative principles and reduces complexity by eliminating hierarchy and bureaucracy, albeit at the cost of requiring members to be more involved in decisions.
Votes and meetings will be done online, so all stakeholders can have their say wherever they are. Note that votes on matters that are not day-to-day (e.g. annual budgets) will utilise a weighting factor to avoid those whom are not actively utilising the co-operative's services, from unduly influencing them.
We're an international group of members, and we need transparency into our own governance. If we were to incorporate in a non-English speaking country, very few of us would be able to verify our own rules, and we'd always be needing official translations. There are certainly other English using countries (e.g. Ireland) however their legislation is some way behind that of the UK.
A UK-EU relationship is not of any concern. Most of our accounting will be under mutual rules with very limited profits, we will not be registered for VAT, and we undertake no trading, therefore taxation is not an issue. We will however be obliged to file accounts in Portugal for our non-member rentals.
1. By its rules (governing articles) registered with the Financial Conduct Authority in the UK under the Co-operative and Community Benefit Societies Act 2014.
2. By its members under the community contract. In addition to voting on decisions directly, members hold the right to inspect the member register and accounts (both public on the website), but also to bring before the courts any action that does not follow the society's rules. There is no regulatory body, and the society is exempted from the Financial Promotions Act for promotion and sale of community shares. The FCA may however be requested to exercise is statuary powers if the society is believed to have breached the law (not its rules, see prior), or to appoint an inspector upon request by at least 10% of members.
For UK citizens, community shares are not covered by the Financial Services Compensation Scheme nor Financial Ombudsman Service.
It becomes the working capital of the society, after transfer to the society's bank account to complete your share issue contract. Funds are raised in this way for major projects, such as the purchase or major works of a property. Property purchased with this capital is thus then a collective asset of the co-operative, of which you own your corresponding share.
The setup phase is different than the operational phase thereafter. All accounts are public and updated daily.
Payments and budgets over certain thresholds must be passed by member vote, with more members being required the larger the cost. Small costs from budgets are dispensed by those authorised to use them. (Volunteers for example can buy food and cleaning supplies without asking.)
During the startup phase, the founder is authorised to make most decisions as there are many hundreds of items to be sourced, he will however be obligated to maintain a running itemisation of planned purchases in addition to the accounts. Any item exceeding €10000 shall in all cases require a member vote (including the property itself). Members may additionally ask the board to review any purchase whose value exceeds €3000. And to propose firing him if they think there's someone better. 🤨
We'll give everyone the opportunity to withdraw their shares, or wait for another candidate to be proposed.
Members must vote to proceed, and may therefore decide based upon the board's advice.
The property purchase contract shall be negotiated with flexibility to raise capital before closure, otherwise the deposit will be lost (it is non-refundable). You can check the current status of pledges, and share issues will be added here as they are made.
Renovation and fitout works will be scheduled in phases according to available capital.
In the case of something not going to plan, a extraordinary general meeting would be called and proposals put to the vote, e.g. to windup the society and return capital or to contract with a crowdfunding platform or loan issuer to raise additional capital.
A vote will be held. The budget includes a cushion thus there should be funds remaining. If significant, the total share capital would be reduced and the surplus capital returned to your personal account balance for withdrawal (or use). (You must declare it as a capital return with your tax authority to avoid further taxation, as it is not a capital gain, unlike dividends.) Otherwise it will likely be invested in additional facilities or improvements.
A vote will be held. One possible outcome is that the total share capital may be increased and new shares issued to raise the extra funds.
If you wish to utilise your shares for accommodation at a property, it is advisable to apply for membership first. Shares alone only give voting and dividend rights. (Does not apply to the first shareholders whom are automatically granted membership.)
From the waitlist, check the website to see if anyone is withdrawing their membership.
For a new share issue, by application. If successful, a sale contract shall be offered that sets the price, issue date and payment terms (minimum 25% on the day of issue). Only the acceptance and return of this contract confirms a share issue to you.
You may withdraw shares, but not transfer them except upon death. After a withdrawal request is received from you, your account shall be credited only once one or more pending members from the waitlist, for the same share class, complete a sale contract for their whole value (cohousing), or any part thereof (all other classes).
This mechanism is know as community shares, and prevents speculative trading by transfer, thus ensuring that the value of the co-operative's housing and services are fixed and accessible to all throughout its life.
There is no fee for this and upon receipt you should declare it as a capital return with your tax authority to avoid taxation. Dividends (if any) continue to be paid until withdrawal is completed.
Transfer is permitted upon the shareholder's death or winding up, but such transfer has a forty year lifetime limit from issue date, therefore only the remaining time shall be transferred.
If the property value appreciates, it is generally expected that the members shall leverage the value to purchase a new location thus creating additional value, instead of voting to appreciate the withdrawal value of shares.
They support the initial establishment and in return are given some privileges for this.
Yes, your share classes, number held, account activity and balance are not disclosed to the public nor any other members. Some designated officers of the society have access but are under contract to protect and prevent disclosure of your shareholding. The status of your account is available to all members.
Upon demand the FCA may access them (but no other UK body).
In accordance with an EU Directive, your details and shareholding are required to be registered with the Portuguese beneficial owner register (RCBE) which is used by the revenue service. This register functions to make transparent the actual owners of companies and co-operatives alike that are incorporated outside of Portugal. If you are tax resident in Portugal you must provide your TIN, otherwise we will provide our tax representative on your behalf.
Your address is however by law required to be made available to all members. If this is a concern, we suggest you simply use the hub address on your profile.
All members are required to maintain an online profile for the members register. Some parts of this (firstname, mini bio, photo and website) are by default public, but you may restrict this to members only if so desired.
Its equity split between investors at 35% (motivated by financial returns) and users at 65% (motivated by use and community). The equity allocation corresponds to actual capacity. As investors don't gain use, the surplus capacity they represent is available for other uses, notably rentals that generate revenue, providing dividends whilst also contributing to community impact.
If the model eliminated the investor class, the shares would be correspondingly more expensive, but the rental revenue would be shared amongst everyone. Ironically being more egalitarian by excluding those with both fewer and more means. The problem with having only one class is that the bar to entry would be higher and the co-op would serve only mid-market members. By having the two classes, we serve those at lower and higher rungs, leaving those in the middle to adjust in whichever direction. Other co-ops in future may be better off focussing on having a single class and collectively distributing revenue.
The two groups, on the face of it, have conflicting interests. Users expect affordable use of a property for the long-term, which naturally does not encourage the generation of any revenue surplus. Investors expect a financial return, both ongoing, and potentially one-off which may incentivise resource allocation towards rentals or even the sale of the property.
Sale (divestment) is mitigated due to the larger proportion of user members, thus as long as the property is useful to them, a sale is rather unlikely. Revenue generation is incentivised by virtue that profit surplus is placed in the community fund, which is used to improve facilities and experiences. Investors receive dividends on their preference shares before the community fund, therefore there is an incentive to generate adequate revenue to not only pay dividends but make improvements for everyone.
Both having distinct targeting yet related needs. These profiles are by no means tech oriented and can include wellbeing, the arts and sciences alike. Anybody undertaking work that may be performed at a distance is a candidate.
Some of these individual cannot or prefer not to escape for long, and may only visit for a week or two as work or inclination allows. The rest however have much more personal flexibility and prefer to travel to take advantage of lower living costs alongside lifestyle benefits.
Sub-letting your room in the city for a month or two away somewhere new and interesting at a lower cost entirely covered by the sublet, is a clear win-win. With the first property Hub House is specifically not competing with other more expensive destinational coliving hubs, but rather is appealing with affordability alongside community and facilities.
These are a special class of unit in a dedicated building, each having independent outdoor access and for which shares are only issued in totality for an entire unit in permanence. Cohousing share owners have the same rights as any other member, except because of their generally larger shareholding, shall benefit from more influence when deciding budgets, thus will likely be lobbied by and be able to act as swing votes or arbiters for other minority members upon budget votes. They have the same voting rights as other members in budget use, but as they will generally be present for longer, they may also have an elevated weighting in this too.
We won't be like a hotel nor premium coliving spaces. We'll help each other keep things clean, and do our own laundry. Our volunteers will however help us with the basics, and if you prefer to be looked after they may offer serviced rooms and mealplans. Other members may also offer services from time to time. 👏
These will be published for each property that is a final candidate and can thus be used by each potential shareholder to inform their decision to participate in the final property prior to the share issue. Currently published budgets and rates are only indicative, final details will be provided in the prospectus.
An executive shall prepare and propose them at the annual shareholder meeting, and they must be approved or modified by the shareholders before funds are assigned for use. If you are not a shareholder you can always lobby them if you think a new console/kayak/widget would be useful, or something has fallen apart. ;)
There are two governance documents to be aware of. Most of the details on this page are derived from our community contract that every member and user agrees to abide by, and can be revised anytime by the members. The other is the rules of the co-operative, and which can only be revised by special resolution (with a significant majority) and is recorded by the mutuals registrar in the UK.
Over time we will almost certainly revise both of these. We may even see some small details such as the 'quiet time' changing from season to season or when different groups of members are present.
They are nominated and elected at the annual shareholder meeting. There may be multiple executives and each shall be given specific responsibilities and budget oversight. If any executive's performance is found wanting, shareholders may call a meeting to revoke their authority and elect another in their place. The initial executive (Managing Director) at time of society formation shall be the founder for a period of two years.
Simply book on the site, or ask a email@example.com. If you are not yet a member, you will join us as a guest, for which there are no requirements except agreement to our community contract and pre-payment. Once you have stayed one month, you will automatically be granted membership, unless you have been summoned before the council for any breach of the community contract.
Preference shares do not permit use, therefore by issuing a specific number of these (e.g. 30%) this ensures the corresponding proportion of availability to provide share use flexibility, and secondly to generate revenue from the resulting availability.
Share use is further given preference for advance bookings. Worst case scenario, there are bunkrooms for overlaps until a room becomes available. We may nonetheless reserve a proportion of rooms availability for last-minute share bookings. Specific rules can be decided each year at the annual meetings.
Obviously certain times of year will be more popular than others, advance booking is therefore the best solution, however with seasonal rates, peak demand shall be somewhat mitigated.
During times of exceptional demand (i.e. bigger events), some rooms may be equipped with supplementary beds, therefore those whom are willing to share may choose to open the availability of such beds for others and gain the corresponding credit to their account.
We have two types of member, ordinary and (non-preference) shareholders having use privileges (we'll think of better names).
Shareholders can book up to the maximum stay, as much as nine months in advance. (Where a booking exceeds a member's time use, the remaining booking time will be at rental rates.)
All non-member bookings may be made no more than two months in advance, until we reach 60% occupancy. All remaining occupancy is opened up to non-members when booked less than one month in advance. Occupancy is measured as total days booked for the desired period, therefore it might be possible to book for a different period. You may also request that the manager use their discretion if the automated system does not. Bookings for dates adjacent to other arrivals and departures are always preferred.
Every share having coliving use provides a use credit every year towards bookings. The credited value may be revised from year to year. The online booking calculator will indicate what use you have remaining each year and how long this gives you in each type of room.
All share use expires annually, and unused time at this point is credited as dividends (if any). Expiry dates are randomly allocated to each member, which avoids booking rushes. To enable members to obtain a more preferable expiry date, they may choose to shuffle it, in which case their use is pro-rated and a new expiry date assigned between 4 and 8 months from the existing one.-->
All rooms have separate rates that are charged daily for each season. See the booking form as this will display and calculate daily rates. There is also a booking fee that also applies for every change (including change of room), the first fee in any given year is waived for members.
For ordinary members your rate is reduced the longer you stay.
For shareholders, you pay the same rental rate minus your use credit as a discount on the total booking cost. The final booking cost may not be lower than €10 per day after the discount as this is your contribution to running expenses, therefore if the booking value is lower than this, any unused credit will remain for later use. The minimum use cost regardless of credit is therefore €300/month (except pods at €180/month).
Costs are charged for each guest at the same cash rate for everyone.
We don't take deposits but do take a non-refundable advance. If less than five weeks, 30% at booking and remainder 12 days before arrival; thus if less than 12 days until arrival, must be paid in full at booking. Otherwise for longer stays 30% of one month at booking, and each month in advance before the 18th.
The maximum stay is two months until you are a member, then it is six months for any single booking including extensions. You may request that the council grant an exception (and is valid only at the time of the request).
Yes if there is availability. Any extension benefits from the cost reduction corresponding the new duration but the original does not change. As a guest desiring to stay longer, your first booking would be two months, and after the first month you could extend it if desired. Warning: you must extend and settle your account balance before your paid-for use expires, as your pass will stop working and you will be unable to regain access to your room and the house.
No, except for an event. You can book multiple pods. Your guests should book themselves. You can make a reservation and then invite your guest to complete it.
Events are booked only by arrangement for up to 50% of capacity, rooms can also be adjusted to accommodate twin/triple beds, else you can use local accommodations as well. Cost can be reduced if members attend free or with a discount.
Maybe. Groups tend to be cliquey and we like everyone to interact, so we don't encourage groups unless from the ecosystem (i.e. coworking spaces, co-ops, social enterprise teams, progressive businesses,…) for whom we may offer a discount. Please introduce yourselves!
Yes. If your roommate is not a member, they must register as a guest, and will be given their own access pass. Anyone unregistered and without their own pass will be immediately ejected. Your guest is always your responsibility and their actions may result in both your memberships being reviewed, so make sure you educate them well!
Your account will be charged additional cost contributions for your guest(s) with a minimum of two days, charging stops when their pass is returned (this can be done using the site or app by them or by you). You may opt to charge your guest however you want including using our official system. If your guest stays long enough, you will no longer be responsible for their membership as they will gain their own.
You can transfer any value of your remaining use to another member's account. Use is thus freely tradeable amongst members. If you want to invite a colleague, or friend you must vouch for them as a new member (see following) then make the transfer. This is subject to seasonal review by the council and may be withdrawn or limits imposed.
There is no charge for your partner or first guest (i.e. a single contribution covers two people). Any more than this and the usual cost applies to each (including children).
No. You will be called before the council whom are likely to revoke your membership as such behaviour breaches our principles of self-determination.
In addition to the automatic grant as above, there are two other means.
A: Apply and agree to the community contract. Your application will be reviewed at the next council session. If you are rejected you can reapply under a new council session.
B: If you know a member, they can vouch for your application, and it will be granted immediately.
NOTE: until there is a council, membership is automatically granted, thus all the earliest members (i.e. shareholders) are not reviewed.
The community contract gives the right to use accommodation and facilities, and to vote on day-to-day matters. The contract also includes an obligation to participate in council sessions (our form of jury duty and community determination) for which you will be randomly selected when and if any sessions are called.
Membership is not transferable.
No. Membership simply requires a shareholding. If you use your time allocation, you contribute to the costs at that time, if you do not, ideally the society will rent unused time which covers basic operations as well as creating a surplus to reinvest.
Your contribution towards all recurring costs. Such as taxes, utilities (electricity, internet,…), repairs and replacements (e.g. for bedding, new water heaters, painting,…), plus our volunteers.
If the costs are lower than the expenses budget, the difference is added to the community fund, but if it is only a little it will usually be spent on some extra nice supplies for everyone.
It includes the cost of replacement equipment and decorations across their lifetime. Bedding replacement for example varies from 4 years for linens and protectors, to 10 for mattresses. This money is kept as a fund for whenever it's needed.
Keys and the member register are electronic. Everyone at a property must check in and out to ensure safety and security. A pass can be issued as a contactless card, pass on your RFID-phone, and/or as an app. You must keep one of these with you when leaving the property. The app will check you in and out automatically, otherwise you must touch your phone or card at the door when arriving or leaving.
Yes, but excluding any pending charges and the share capital, and only directly to a bank account. Dividends are taxable income, and must therefore be declared with your appropriate tax authorities. (Taxation is your own personal matter.)
Yes, but cash payments are subject to a 15% fee. We don't want your dirty money. :-p Card and some electronic payments 5–10%. Bank transfers are free. Other members won't pay for your choice of financial instruments. No crypto, find your own currency dealer. :-p
If such status is not resolved it becomes visible to all members, per the community contract so that house accounts can be managed accordingly.
Members in difficulty may have the opportunity to take up a volunteer role and relinquish their booking in order that they incur no further costs, however this would be at the discretion of a council session and is best arranged before such event occurs.
When unresolved, non-members shall be ejected at such time. For members, any withdrawable shares they hold shall be withdrawn to cover the arrears. Accounts in arreas are shared across the network and associated networks and therefore bookings may not be accepted in any connected property until resolved.
After staying three months, or one year after your first stay if less. If the new member is referred to the council within their first three months you will also be called before them. You may only vouch for 1 new member each year, or 2 if you hold more than three months of shares, this restricts subletting/reselling your time to non-members as you cannot vouch for them.
Yes children are, however the hubs are both working and living spaces, and the community contract therefore requires that should you believe you may disrupt others, you must seek an indication from those already present in any given room that you will not disrupt them. However there are enough rooms around the buildings that this isn't likely to be an issue. There's also a 30m2 breakout room between the workspaces and common living areas that may be used by kids as a playroom if not otherwise reserved. The auditorium is also unlikely to be used much during daytime (perfect for making some noise), nor the event space above it, just make sure they're left as before—they're big spaces to clean!
Given that this is a work-focussed space (although not all properties will be), particularly rambunctious kids or noisy babies would not fit and other members would likely raise their concerns. Obviously occasional disruptions are to be expected. However if disruption were reoccurring, members may call a council session to resolve it.
We will nonetheless maintain several dates throughout the year when children are welcome whatever their disposition.
It should be noted that not all areas will be safe. The bridge and front terraces will be fenced, and steps to workspaces, however other staircases will not and the gardens are steeply terraced with no fences. We'll definitely look at having a fenced area and shallow pool next to the stream… you should however expect to watch younger kids carefully except in the playroom.
If you are looking to stay a while and provide homeschooling, we encourage you to coordinate with other members and to arrange a volunteer or teacher, we have extra bedrooms available and you could share the costs of their living and stipend/pay. Alternatively stay an entire semester and enrol in a local school (even if Portuguese may not be the most useful language…).
There's no limit so long as you can look after yourself. In other cases you are most welcome to enquire if a volunteer may be available to provide assistance (or you can bring someone to help you if we have a free volunteer room), however this cannot be guaranteed and a contribution may be expected. A few bedrooms, kitchenette, the living room and cohousing have step-free access (albeit via a long steep ramp), however the main kitchen, workspaces (except lobby/lab), and auditorium do not.
We would love to support more life stages, and are thus planning multi-generational spaces, which may be both near the current hub so everybody can still benefit together, whilst also maintaining some separation for different groups such as nursing and elderly care to better fit their different life rhythms. These spaces are likely to run as a separate co-operative but with exchangeability between them, thus when and if your life stage changes, you could remain a participant.
No we hate animals. Awww. They are very welcome in your room (as ever you are responsible for any damage) and in fact they're also welcome everywhere else if you check with anyone already there. The quiet workspace, lounge workspace, and library are always out of bounds. If somebody books with an allergy then you must keep them away from the other common indoor spaces (except lobby). They can wait outside the workspace, and part of the garden can be fenced off but you must of course clean up after them therefore dogs cannot be left unaccompanied in the rest of the garden.
Anyone who is currently staying or has stayed recently and has voting rights can propose changes and then vote upon them. See the member contract for the current process as it can change, the longer you've stayed the more votes you get. Some decisions are delegated to an official or council group, however the members can grill or fire them if enough think they're doing a bad job.
Any guide elected by a council, any manager, or any executive. Members may request a council session if they feel unfairly treated. Following this, they may also opt to elevate an issue to the board providing the council had less than 80% majority.
The council is non-executive and does not report to the board, its decisions on matters relating to member conduct and day-to-day operations are final and require a 60% majority in all matters (abstentions are not permitted). Councillors are chosen for individual sessions by algorithm (ensuring diversity and randomisation) and it is a contractual obligation to participate.
Most sessions are resolved online, some require an on location presence by the council such as for misconduct and illegal behaviour. Sessions are only called if members are unable to resolve issues directly, or to change day-to-day operational matters.
A council session may be invoked by any member but must be supported by x others.
All sessions are preceded with a poll around two days before, in which preliminary opinions are taken. These are announced when the session starts and councillors may then make their final votes after hearing arguments from members and other councillors.
Any member whom has in the last three months breached the community contract (including not participating in a council vote) shall be identified online.
Members will annually nominate and elect them, a board member does not have to be a shareholder nor community member, however a member may not nominate themselves.
As a last-resort for the resolution of member issues, to advise on executive decisions and to call shareholder meetings. The board has no decision making ability itself.
We purposefully do not identify between different types of member. However we do indicate people whose roles or characteristics hold relevance.
No. The shareholders will own and control the property holding society and its acquired assets (i.e. buildings and equipment).
A social enterprise functioning as a platform.coop, to develop and operate technology platforms and models for its members (being independent co-owned properties that meet its eligibility requirements), to facilitate operations of their properties, and enable their participation in a wider ecosystem (such as to exchange co-ownership time use amongst independent properties, this enabling co-owners to move amongst them without separate additional investments), to share resources and promote themselves collectively.
Hub House is granted a contract in return for licensing its brand, to assist in the operations of the property on behalf of the property's shareholders. The members may revoke this contract, and put in place a new operation and identity as they see fit, or under new terms. It is similarly possible for Hub House to revoke its contract for use of its identity and platform if eligibility changes. The contract shall be granted at no cost for the first 2 years, upon expiry Hub House's requirements will include the exchange of a share stake (i.e. the platform benefits if the house benefits, and vice-versa).
Minor detail: If the contract is revoked the operating company will be obliged to rename itself, as currently it employs the Hub House name.
The founder will be contracted to provide operational management for two years in return for 5% equity. This covers all aspects in order to reach operational capacity, and in a more limited manner, oversight of operations thereafter. Shareholders shall specifically declare operational capacity by vote, from which point all decisions will only be directly voted upon by them. Following expiry of the founder's contract, some responsibilities may be transferred to Hub House, if the shareholders approve that contract's extension, otherwise the shareholders will be obliged to budget for and approve a new operational capability, e.g. shareholder volunteering, hiring a director, contracting a management company…