Order in the House: The ISO-Compliant Framework

The biggest fear of owning a text chain? The "Roommate Problem."

We have all heard the horror stories. Four friends buy a beach house. Three years later, they aren't speaking. The roof is leaking, "Friend A" refuses to pay for repairs because they didn't use the house last year, and "Friend B" left the pool pump running for a month.

In the world of fractional ownership, entropy is the enemy. Without a rigid structure, a luxury asset degrades into a liability.

At Covest, we solve the Roommate Problem with what we call Institutional Rails. Our governance model overlays strict corporate standards—borrowed from commercial real estate—onto residential ownership.

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The Architecture of Peace: ISO 9001 & 14001

You wouldn’t board a plane that was maintained "whenever the pilot felt like it." Why would you invest $2 million in a property managed that way?

Covest mandates that every third-party property management partner adheres to ISO Standards.

• ISO 9001 (Quality Management): This ensures consistency. Every cleaning session, every maintenance check, and every concierge interaction follows a documented, repeatable process.
• ISO 14001 (Environmental Management): Crucial in Mexico's eco-sensitive coastal zones. We ensure sustainable water usage and waste management.

The "Default Safeguard": Your Financial Firewall

The second biggest fear? "What if my co-owner goes broke?"

Covest eliminates this risk. Our Operating Agreement includes a strict 60-Day Default Clause:

1. The Trigger: If an owner fails to pay their pro-rata fees for 60 days.
2. The Seizure: Their usage rights (weeks) are automatically suspended.
3. The Liquidation: Those weeks are placed into the Covest Rental Pool.
4. The Recovery: The income from those rentals goes directly to cover the unpaid fees.

The "Sinking Fund": No Surprise Assessments

We enforce a mandatory Reserve Fund. A calculated percentage of annual dues is set aside specifically for major capital expenditures (CapEx).

• Roof replacement in Year 15? Funded.
• Pool resurfacing in Year 7? Funded.

Conflict Resolution: The Bylaws are Boss

In a Covest Syndicate, the rules are not "agreements"; they are Notarized Bylaws.

• Usage: Defined by the algorithm (Fixed or Raffle). No arguments.
• Voting: Major Capital Improvements require a 66% Supermajority Vote.