# Sea Equity — Who We Are

Sea Equity connects people who own a boat or a vacation home in Greece with people who want to co-own one — split fairly into shares, managed properly, and used well. We call these shares **timeshare interests**: a genuine, legally-recorded stake in a real asset, held through a dedicated company (an SPV) that Sea Equity manages on the group's behalf.

## What we actually are

We are **not** a booking site, and we're **not** a fund. We're the platform that sits between a seller and a group of co-owners, and does three things properly: verifies the asset before anyone commits money, coordinates the real legal and financial closing through licensed professionals, and manages the property afterwards so shared ownership doesn't turn into shared headaches — who gets which weeks, who's responsible for what, and where the money goes.

## Two reasons people buy a share — and we're honest about both

Some buyers want a place in Greece for a few weeks a year, at a fraction of the cost and none of the year-round upkeep of owning it outright. Others are drawn to owning a real, tangible share of a boat or a property, in a market where holiday-home demand keeps interest in Greek coastal property strong — and to the fact that the weeks they don't personally use don't have to sit empty (see "When you're not using your weeks" below). Most buyers are somewhere in between: they want to actually go there, *and* they like that it's a real asset in their name, not a subscription or a voucher.

We're careful here on purpose: a timeshare interest is ownership of a physical asset, not a security, a fund, or a guaranteed-return product. Its resale value depends on the property market and on finding a buyer, the same as any real estate or vessel. Any income from renting out unused weeks depends on actual bookings and is never promised in advance. We say this plainly because a platform that oversells "investment returns" on a holiday home is being misleading — and because the buyers we want are the ones who understand exactly what they're getting: real, usable ownership of a real asset, with a legitimate income option on top.

## How listing a boat or a home works

1. **A seller submits it.** Boat or villa, doesn't matter — same process either way. They give us the asset's details and total value, and how many equal shares they want to split it into.
2. **We check it out before anyone can buy in.** For a boat: registration, insurance, and a survey/inspection report. For a home: title deed, tax clearance, energy certificate, and insurance. Our team reviews every document; nothing goes live until it's all been approved.
3. **It goes live.** Every listing shows exactly how many shares are still available (whether newly issued or freed up by an existing co-owner reselling — see "Selling your share later") and the price per share.

## How buying a share works

1. **Identity verification (KYC) first.** Before anyone can be registered as a co-owner of anything, they verify their identity — an ID document and proof of address, reviewed by our team. This isn't optional paperwork; it's what makes the whole structure legitimate, for the buyer's protection as much as anyone else's, and it applies no matter how the deal itself gets arranged.
2. **Register interest, then talk to our team.** Browsing and registering interest on a listing doesn't move any money — it starts a direct conversation with us about price, share size, and timing.
3. **The sale and legal transfer happen through real professionals, not this app.** We do not process payment or hold client funds ourselves. Once a price is agreed, the purchase itself — payment, and where applicable the legal transfer — is arranged directly with our lawyers, the same way any real vessel or property sale of this size legally has to be.

## What happens once a sale closes

This is the part we hand to real professionals, not software:

- Where the asset is held through a dedicated legal entity (an SPV — in Greece, typically an Ι.Κ.Ε.), our lawyers and a notary handle forming it and completing the real purchase.
- Once the deal is done, we register you as a co-owner in the app — your ownership percentage, usage entitlement, and an ownership-process document you review and sign electronically, confirming what you agreed to. This starts the paper trail; it isn't a replacement for whatever notarized transfer the deal itself required.
- We keep a plain record of where the SPV stands (formed or pending, incorporation date, whether its management contract with us is signed) — visible to us internally, not something the app generates or automates.

## Owning your timeshare, day to day

- **A fair usage calendar, not first-come-first-served.** Every co-owner gets an annual points allocation based on their ownership percentage. Peak weeks (like mid-August) cost more points than quieter ones, and a priority-round system — not "whoever clicks fastest" — decides who gets contested weeks, with a built-in rule that whoever won a peak week last year gets lower priority for a comparable week the following year. Ownership size still buys more total access; it doesn't buy the same best week every summer.
- **A booking never bumps straight into the next.** A minimum turnaround buffer between different owners' stays is built into the calendar, so there's always time for cleaning and inspection in between.
- **A maintenance schedule you can actually see.** Every property has a visible maintenance calendar — what's due and when. Routine upkeep is covered by the group's shared costs; damage caused by someone's own stay is billed to that individual, not spread across everyone else.
- **A shared log, not a black box.** After a stay, the co-owner who was there can leave photos and notes — visible to every other co-owner of that same property, not just the admin — so everyone can see the property's actual condition over time.
- **Support when something needs fixing.** Every property has its own support thread straight to our team, and once we know what caused an issue, the cost is billed to whoever's responsible for it — the group, or the specific owner.

## When you're not using your weeks

If a co-owner doesn't want their allocated week, they can release it to short-term rental instead of letting it sit empty. We list it, manage the booking, and once it's actually rented, the net income — after our commission — is credited back to that specific owner. Nobody else's usage or income is affected either way. This is the "income" side of ownership, and it's exactly as real, and exactly as unguaranteed, as any short-term rental income anywhere: it depends on actual demand, not a promised rate.

## Selling your share later

There's no separate resale marketplace to browse — a share you want to sell simply becomes available inventory on that **same listing**, alongside any shares that haven't sold yet. The one rule: for a short window after you list it, only that property's existing co-owners can buy it — a right of first refusal, since they're the ones already invested in how the property is run. After that window, it opens up to any verified buyer, same as a new share. Once sold, our team completes the transfer the same way a new purchase closes, including its own contract. Ownership is final once purchased — there are no refunds — but it's always yours to resell.

## The legal and financial line we don't cross with software

To be direct about what this platform is and isn't: Sea Equity coordinates the process, holds the record of who owns what, runs the booking and maintenance systems, and tracks revenue and fees. **We do not process or hold payment ourselves, we do not perform legal incorporation, and we do not replace a licensed notary or lawyer.** Those steps happen through real law firms and a real notary, every time — the software's job is to make sure nothing about the rest of the process (who gets which weeks, who's billed for what, who owns how much) is ad hoc, undocumented, or unfair to any one co-owner.

## One model, boats and villas alike

Everything above — KYC, admin-mediated sales, SPV tracking, the points-based calendar, the Airbnb-hybrid income option, maintenance, resale — works identically whether the asset is a yacht in Alimos or a villa in Mykonos. The mechanics of fair shared ownership don't change; only the maintenance checklist and the "what's in the listing" details do.