---
title: "How Co-Ownership Works · Tessaic"
description: "Direct co-ownership of named, registered real property by a small group: single assets like hotels and land, and named collections of homes and commercial spaces."
url: https://tessaic.com/co-ownership/
---

# How Tessaic co-ownership works

Tessaic is not a fund and not a scheme. It is direct co-ownership of named, registered real property by a small group, with a professional operator engaged separately to run it.

## What you own

You take a defined, registered fraction of real property. For hotels, venues, farmland, and development land, that means one named asset with one table of six to thirty co-owners, scaled to its value. For residential and commercial, it means one named collection: a small set of identified properties held together, six to twelve co-owners in equal fractions, every owner holding a piece of every property, and no one holding more than half of any single property.

## The framework

Tessaic's ownership framework was designed with licensed counsel and is registered under the laws that govern property in each market where we operate. Local and foreign co-owners hold lawful, registered interests, confirmed in writing. Tessaic is never owner, manager, and fee-collector in one box: the roles are separated on purpose. The full legal blueprint is set out step by step in the ownership pack shared with serious buyers, deliberately kept off the public internet.

## Governance

- A co-ownership agreement sets voting, major-decision thresholds, transfer rights, and default.
- The operating partner pays its own portion on any fraction it holds.
- The management fee is separate, disclosed, and fixed in writing.
- Buyer funds sit in a designated, controlled account, never operating cash.

## How you leave

Held for the long term, with no forced sale date. You transfer your piece when you choose. An independent appraisal every year sets your floor price. Standard transfer commission N/A. Priority-sale options in the ownership pack.

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Tessaic offers direct fractional co-ownership of specific, identified properties in Cambodia. Tessaic is not a fund, a collective investment scheme, a security, or a managed investment product, and nothing on this site is an offer of, or a solicitation to acquire, any security or investment product in any jurisdiction. No co-ownership interest is offered or sold in the United States. Any rental, occupancy, or price figures shown describe historical, market-level data from the sources cited, are provided for general information only, are not a forecast, and are not a representation or guarantee of any return on any co-ownership interest. Property values and income can fall as well as rise. Co-ownership involves risk, including limited liquidity. Tax treatment depends on your individual circumstances and may change. We do not provide legal, financial, or tax advice. Obtain your own independent advice before acquiring any interest. Full structure, fees, and exit terms are set out in the ownership documents for each property.