Part A · Who you are contracting with
Three entities appear throughout this document and they are not interchangeable. Most misunderstandings about what this platform is come from collapsing them into one.
Getaway Collective
Getaway Collective operates this platform. It admits and verifies partners, it administers the register, it publishes what each vehicle reports, and it enforces the constitutional rules described in these terms.
Getaway Collective does not hold equity in the vehicles it governs. It is not your counterparty for the investment itself, it does not hold your capital, and it does not own the underlying land or buildings.
The vehicle
Each property is held by its own body corporate — a Limited Liability Partnership registered in India, unless the Board has approved a different structure for a specific property under §24a.
The vehicle owns the asset. You contract with the vehicle when you commit capital, and your rights as a partner arise under its Agreement and the Limited Liability Partnership Act 2008 — not under these terms.
The operating partner
Day-to-day operation of a property is carried out by an operating partner under a Commercial Services Agreement with the vehicle. The operating partner is measured against a Service Level and is paid from stage one of the waterfall.
The operating partner is not a party to these terms and owes you no duty under them. Its obligations run to the vehicle.
Governance without ownership
Getaway Collective governs vehicles in which it holds no economic interest. This is deliberate and it is entrenched: it cannot be changed except by unanimous resolution.
The consequence for you is that the party setting the rules does not profit from the outcome those rules produce. The consequence for us is that we cannot be outvoted into abandoning them, and cannot quietly benefit from relaxing them.
Part B · Eligibility
Who may commit
You may commit capital only if you are at least eighteen years of age, have the legal capacity to enter a binding agreement, and have completed accreditation.
Accreditation
Accreditation establishes identity, tax residency, source of funds, and that the commitment is suitable given what you have told us about your circumstances.
Accreditation is a check on eligibility. It is not an endorsement of the commitment, and passing it is not a statement by anyone that the commitment is a good idea for you.
Jurisdiction and residence
The platform is operated from India and vehicles are Indian bodies corporate. If you are resident, domiciled or a citizen elsewhere, whether you may lawfully commit is a question of the law that applies to you, and it is yours to answer.
Commitments from persons in jurisdictions where the offer would require a registration that has not been made are declined.
Refusal
A commitment may be declined without a reason being given where giving one would conflict with an obligation under anti-money-laundering or sanctions law. In every other case a reason is recorded and available to you.
Part C · Your account and the passport
One identity
You hold one identity on this platform for as long as you have any relationship with it. Becoming a partner is a change of state on that identity, never a second record.
Security
You are responsible for the security of the credentials that reach your identity, and for anything done through it. Tell us as soon as you know or suspect it has been reached by someone else.
We will never ask you for a password, a one-time code, or the full number of any payment instrument. A message that does is not from us.
Accuracy
Information you give during accreditation must be accurate and kept current. A material change — residence, tax status, control of the funds committed — must be reported within thirty days.
Part D · Commitment and settlement
This is the part of the document that describes the moment your position becomes real, and it is the part most worth reading slowly.
A commitment is an offer
Confirming a commitment is an offer to contribute capital to a vehicle on the terms shown at the moment you confirm. It binds you. It does not, by itself, make you a partner.
Settlement is the event that matters
You become a partner when your capital settles — when cleared funds reach the vehicle — and not before. Acceptance of your offer does not do it. Confirmation on screen does not do it. Settlement does.
This is not a formality. Governance rights, entitlement, and your position in the register all begin at settlement. Before it you have an obligation and no rights.
Settlement is irreversible
Once settled, the change of state cannot be undone by us, by you, or by agreement. Exit is by transfer under Part G, and by nothing else.
There is no cooling-off period after settlement. The deliberation is placed before the commitment for that reason, and the commitment control is deliberately slow.
The completion window
Capital must settle within fifteen working days of the commitment. A commitment that has not settled by then lapses, and any partial amount received is returned to the account it came from, without interest.
Nothing new appears after commitment
Every term, fee, lock-in and risk that applies to a commitment is shown before the commitment control, not after it. A term first disclosed on a confirmation screen has not been disclosed; it has been sprung.
Part E · Money
The waterfall
Revenue at a property is applied in six stages, in order: the operating partner, brand and platform, the administrative reserve, the sinking fund, debt service, and then partners.
Each stage is satisfied in full before the next receives anything. The six stages always sum to the whole of revenue — there is no seventh stage and no residual that leaves without appearing.
Debt service is its own stage
Where a vehicle carries a facility, debt service is stated as a stage in its own right and in its proper order — ahead of partners, because that is where it ranks.
It is not netted inside the figure described as the partners' share. A document that shows you a large percentage and mentions in a footnote that it services borrowing is showing you a number you will not receive.
Distribution can be blocked
Stage six does not run if paying it would take the administrative reserve below its floor, or if any earlier stage was unmet.
A profitable quarter can therefore distribute nothing. That is the mechanism working as designed, not a failure of it.
No preferred return
There is no preferred return, no catch-up, and no carried interest. Partners share stage six in proportion to contribution.
Fees
The administrative reserve is 2.5% of revenue and the sinking fund is 2.5% of revenue. Both are percentages of what the property earns, not of what your position is worth.
There is no fee on committed capital, no fee on assets under management, no exit fee, and no performance fee. Where any charge is introduced it takes effect only for commitments made after it is published.
Rounding
Amounts are held in whole minor units and allocated by largest remainder, so a split sums exactly to the amount split. Where rounding produces a difference of one minor unit between partners, it falls to the largest remainder and not to the vehicle.
Taxes
Tax on distributions and on any gain is yours. Withholding is applied where the law requires it and is shown on the distribution record. Nothing on this platform is tax advice.
Part F · Entitlement
What entitlement is
A partner in a vehicle is entitled to a number of nights each year at the property that vehicle owns, in proportion to contribution.
Entitlement is an incident of the position. It is not the reason the position exists and it is not separately priced.
When it begins
Entitlement begins at handover. Before a property is built there is nothing to draw against, and the entitlement shown for an unbuilt property is zero rather than a promise.
Unused nights
Nights not taken in a year do not carry forward and are not exchanged for money. Where an unused night is released and taken by someone else, the revenue enters the waterfall at stage one like any other.
Precedence
Where more partners seek the same dates than the property can hold, precedence runs by nights already taken that year, ascending — the partner who has drawn least goes first. Ties are resolved by the order the requests were recorded.
Part G · Lock-in and transfer
Lock-in
A position is locked for the period stated in the vehicle's Agreement — typically thirty-six months from financial close. During lock-in a position cannot be transferred except on death, or with the unanimous consent of the partners.
There is no market
Positions are not listed, quoted or traded on any exchange. There is no market maker and no obligation on anyone to buy your position at any price.
An internal register of partners willing to buy and sell is operated as a courtesy. It is a noticeboard. It is not a market, it does not guarantee a counterparty, and it does not establish a price.
Transfer requires consent
After lock-in, a transfer to a person who is not already a partner requires the consent of partners holding a majority of contribution, and the incoming partner must complete accreditation before the transfer is registered.
Death and succession
On the death of a partner the position passes to the estate. The vehicle registers the transmission on production of a grant, and the lock-in does not apply.
Part H · Governance
Voting is contribution-weighted
Votes are weighted by contribution and never counted per head. A partner holding ten per cent casts ten per cent.
Thresholds
- Ordinary resolution — more than 50% of contribution present and voting.
- Special resolution — at least 76% of total contribution.
- Entrenched principles — 100%, unanimous.
- A tie is not approval. Where a vote is exactly balanced the resolution fails.
What you can call
Partners holding at least 20% of contribution may requisition a meeting. The vehicle must convene it within twenty-one days.
A minority position is a minority position
Weighted voting means a partner holding a small share can be outvoted on every resolution that is not entrenched. Read Part D of the Risk Factors before assuming influence proportionate to interest.
Part I · The platform itself
Availability
The platform is provided as it stands. It is not warranted to be uninterrupted or error-free, and maintenance may make it unavailable.
Unavailability does not suspend a settlement deadline, a lock-in, or any obligation under a vehicle's Agreement. Where a deadline falls in a period of unavailability it is extended by the length of that period.
Figures shown
Every forward-looking figure carries a confidence class stating how it was arrived at — observed, verified, modelled, estimated, forecast or pending. A figure marked provisional is marked so wherever it appears.
Where a figure is corrected, the correction is published with the date and the reason. Prior versions are retained.
What we publish is what we hold
Records shown to you are the records held. Where something has not been verified it says so rather than being omitted, and an absent figure is shown as absent rather than as zero.
Acceptable use
Do not attempt to reach data belonging to another person, probe the platform for vulnerabilities without written permission, scrape it at a rate that degrades it for others, or present its content as your own.
Intellectual property
The platform, its design system, its written content and its data belong to Getaway Collective or its licensors. You may read, print and quote from the standing documents for the purpose of taking advice on your own position.
Part J · Liability
What is never excluded
Nothing in these terms excludes liability for fraud, for fraudulent misrepresentation, for death or personal injury caused by negligence, or for any liability that cannot lawfully be excluded.
What is excluded
Subject to J.1, Getaway Collective is not liable for the performance of any vehicle, for the acts of any operating partner, for loss of profit or anticipated return, or for a fall in the value of a position.
Cap
Subject to J.1, total liability arising from the operation of the platform is capped at the total of the administrative reserve charges attributable to your positions in the twelve months before the claim.
This cap is stated plainly because it is low. It reflects that Getaway Collective does not hold your capital and takes no economic interest in the vehicles it governs; it is not an attempt to disclaim what it does do.
Your own diligence
You commit on your own assessment, or on advice you have taken. Modelled figures on this platform are inputs to that assessment and are not a substitute for it.
Part K · Changes, complaints and law
Changes to these terms
These terms are versioned. A change takes effect thirty days after publication and applies to commitments made after that date. A change that would materially reduce the rights of existing partners requires a special resolution of the vehicles affected.
Every version remains available at /legal/terms with the date it took effect and the date it was replaced.
Complaints
The complaints procedure is at /legal/complaints. It states who will read a complaint, how long each stage takes, and what to do if the answer is unsatisfactory.
Governing law
These terms are governed by the laws of India. The courts at Bengaluru have exclusive jurisdiction, save that a claim may be brought in the courts of your place of residence where the law of that place gives you that right and it cannot be excluded by agreement.
If a clause fails
If any clause is held unenforceable it is severed and the rest continues. A clause severed from Part D or Part E is reported to partners within thirty days, because those parts describe how money moves.
Part L · Standing disclosure
The following applies to everything on this platform, at all times, and is not qualified by anything written elsewhere in these terms.
Capital at risk, past performance, and advice
Capital is at risk. Investments of this kind are illiquid and are not traded on any public exchange. You may lose some or all of the capital you commit.
Past performance is not a guide to future performance. Yields shown anywhere on this platform are modelled or estimated unless expressly marked otherwise, and no return is guaranteed by any party.
Nothing here is investment advice. Getaway Collective does not provide personalised financial advice and is not a registered investment adviser.
This is a summary
Part L states the position shortly. The Hospitality Asset Disclosure sets out in full how ownership and operations work, and what can go wrong. Read it before committing rather than after.