AccreditationThe checks that establish who you are, where you are tax-resident, where your funds come from, and whether the commitment suits your circumstances. On this site they run alongside your reading, never before it, and are complete before you sign an LLP agreement. Passing them confirms eligibility; it is not advice that the investment is right for you.
Admin reserveThe third stage of the waterfall: 2.5% of an estate's revenue, set aside to pay for governing the partnership: keeping its records, running its votes and meeting its legal obligations. It is paid before debt service and before anything reaches partners.
Basis pointOne hundredth of one per cent: 100 basis points make 1%, and 10,000 make 100%. The waterfall's six stages are set in basis points so that together they always account for exactly the whole of revenue.
ChassisOne of three architectural systems the estates are built from, each a repeatable dwelling adapted to its site: Ridge (38 m² with a courtyard, on the ground), Expanse (36 m² with a deck, lifted 3.8 m) and Voyager (52 m² with a porch, opened into volume).
Confidence classThe label every forward-looking figure carries, saying how it was arrived at: observed (counted or measured), verified (checked against a source document), modelled (computed from stated assumptions), estimated (a judgement on incomplete information), forecast (about a period that has not happened) or pending (expected, and shown as absent rather than as zero).
Covenant (land)The standing promise that at least 65% of every estate's land is kept as it is: not built on, paved or cleared. Each estate page states its own share.
Covenant (loan)A condition a lender sets on its loan. The estates' bank facilities carry a minimum debt service coverage ratio; see DSCR.
Designated partnerA partner named in an LLP agreement to carry the partnership's legal duties: its filings, records and compliance. Where the agreement names Getaway Collective, it carries those duties without holding any equity.
DistributionA payment to partners from the last stage of the waterfall, after the operating partner, brand and platform, the two reserves and any loan repayments have been paid. It is shared in proportion to units held, and nothing guarantees one in any year.
DSCRDebt service coverage ratio: the income an estate has available for its loan, divided by the repayments due. A covenant of 1.50x minimum means income must be at least one and a half times the repayments.
Entrenched principleA rule that can change only by a unanimous vote of the partners, 100% of holdings. That Getaway Collective holds no equity in any estate is one of them.
Financial closeThe date an estate's funding is complete: the equity raised and the bank facility in place. The lock-in on units runs from it.
HandoverThe day an estate is complete and handed to the operating partner to open. Partners' nights begin at handover; before it there is nothing to draw on.
Holding deposit₹1,00,000, paid online to the estate's own LLP to hold your units while the rest is completed. It is the same at every estate, whatever the number of units, and refundable in full until the Vehicle Agreement is signed. It makes nobody a partner.
KeyOne self-contained dwelling at an estate, counted the way a hotel counts its keys, whatever its size. Each estate page states how many it has.
KYCThe identity checks Indian law requires before anyone becomes a partner: identity, address, tax residency, source of funds, supporting documents and screening. They run alongside your reading, at your own pace, and are complete before you sign.
Lock-inThe period after financial close during which units cannot be sold or transferred, except on a partner's death or with every partner's consent. Typically 36 months; each estate's LLP agreement states its own.
LLPA limited liability partnership under India's LLP Act 2008: a body that holds property in its own name, whose partners' liability is limited to what they contribute. Each estate has its own LLP, and investors become its partners.
LLPINThe LLP identification number the Registrar of Companies issues when a partnership is incorporated. An estate whose LLP is still being formed has none yet, and its page says so.
MemberAn investor whose funds have settled: a partner in the estate's LLP, with a vote, a share of distributions and, from handover, nights. Before settlement an investor has an obligation and no rights.
MoratoriumA period at the start of a bank loan when only interest is paid and no principal. At the estates offered so far it covers the first 18 months.
Offering letterThe document that sets an estate's unit price, number of units, lock-in, fees, risks and figures. Where it and any web page differ, the offering letter governs; nothing on a page is a term of investment.
Operating partnerSensory Getaways, which runs every estate day to day under a Commercial Services Agreement with that estate's LLP. It is measured against agreed Service Levels, paid from the first stage of the waterfall, and owes its duties to the partnership.
QuorumThe share of total holdings that must take part for a partners' vote to count. Where an estate's agreement states it, it is 60%.
RegisterThe partnership's permanent record of who holds which units, every resolution and every document. Entries are added, never edited or removed. It also carries a noticeboard where partners can post units after the lock-in; that is not a market, and it guarantees no buyer.
Reserved matterA decision the LLP agreement keeps for the partners alone, such as selling the land or borrowing beyond the agreed limit.
ResolutionA decision of the partners, weighted by holding: ordinary (more than 50% of the holdings present and voting), special (at least 76% of all holdings) or entrenched (100%). A tie fails.
Revenue baseAn estate's gross revenue, before any costs. Every stage of the waterfall is a share of it, so the six stages always account for all of it.
SettlementThe moment an investor's cleared funds reach the estate's LLP. From then the investor is a partner. It cannot be undone; the way out is a transfer after the lock-in. Funds must settle within 15 working days of committing.
Sinking fundThe fourth stage of the waterfall: 2.5% of an estate's revenue set aside every year for long-term renewal, so the estate is kept up as it ages.
SponsorThe founding party that puts its own money into an estate's equity alongside the partners. Each estate's offering shows how much of the equity the sponsor holds.
UnitA fixed share of one estate's LLP, priced in its offering letter. Each estate sets its own unit size, price and the most one partner may hold, and its page shows how many remain. Your units decide your share of distributions, your voting weight and your nights.
WaitlistFor an estate whose units are all held: a list, in the order it was joined, of people who hear first if a partner offers units after the lock-in. Joining commits you to nothing.
WaterfallThe six stages, in fixed order, through which an estate's revenue is paid: the operating partner, brand and platform, the admin reserve, the sinking fund, debt service, and then partners. Each stage is paid in full before the next receives anything, and the six always add up to the whole of revenue.