My bad, I think I misinterpreted your question! Each home has a reserve fund that is paid into by all co-owners. For standard fixes/improvements, Ancana will handle the work and pay for it out of the reserve fund.

If a co-owner stops paying their monthly fees, they are in violation of the real estate contract and liable to forfeit their ownership in the home. Similar to someone defaulting on their mortgage.

This is a great question and we think one of the real advantages of our model. Because each co-owner owns an independent share of the home, they are protected if one of the other co-owners defaults on their payments. Ancana assumes responsibility in this case and if necessary we will take over the fraction and find another co-owner to purchase. The terms are laid out in the contract each co-owner signs