Timeshare estate definition

Timeshare estate means any interest in a unit under which the exclusive right of use, possession, or occupancy of the unit circulates among the various purchasers of a timeshare plan pursuant to chapter 721 on a recurring basis for a period of time.

Timeshare estate means a right to occupy a unit dur- ing at least 4 separated periods over at least 4 years, together with a fee simple absolute interest or an interest for years in a time− share property.

Timeshare estate means a right to occupy an accommodation during five or more separated timeshare periods over a period of at least five years, including renewal options, coupled with a freehold estate or an estate for years in the timeshare property.

Examples of Timeshare estate in a sentence

• Time-share estate" means an arrangement by which the purchaser receives a right to occupy a time-share property, together with a real estate interest in the time-share property.

• Time-share estate" means any interest in a unit or any of several units under which the exclusive right of use, possession or occupancy of the unit circulates among the various time-share owners in the unit in accordance with a fixed time schedule on a periodically recurring basis for periods of time established by the schedule coupled with a freehold estate or an estate for years in a time-share property or a specified portion thereof.[PL 1983, c.

• For purposes hereof, "time-share Time-share estate occupancy expenses" shall mean means all costs and expenses incurred in such owners' use and occupancy of the time-share estate project including without limitation its completed and occupied time-share estate units, common elements, and amenities available for use.

• Time-share estate uses, as defined in MGL Ch. 183B, are hereby prohibited within the HMOD2.405.

• Time-share estate owners' association control liens; books and records; meetings.

More Definitions of Timeshare estate

Timeshare estate means the right of occupancy in a timeshare property that is coupled with an estate in real property.

Timeshare estate means a small, undivided fractional fee interest in real property by which the purchaser does not receive any right to use an accommodation except as provided by contract, declaration, or other instrument defining a legal right.

Timeshare estate means an arrangement under which the purchaser receives a right to occupy a timeshare property and an estate interest in the real property.

Timeshare estate means a right to occupy a timeshare unit, coupled with a freehold estate or an estate for years with a future interest in a timeshare property or a specified portion thereof. The term includes shall also mean an interest in a condominium unit pursuant to s. 718.103, an interest in a cooperative unit pursuant to s. 719.103, or a direct or indirect an interest in a trust that complies in all respects with the provisions of s. 721.08(2)(c)4., provided that the trust does not contain any personal property timeshare interests. A timeshare estate is a parcel of real property under the laws of this state.

Timeshare estate means a right to occupy a timeshare unit, coupled with a freehold estate or an estate for years with a future interest in a timeshare property or a specified portion thereof, or coupled with an ownership interest in a condominium unit pursuant to

Timeshare estate means a small, undivided fractional fee interest in real property

Timeshare estate means a timeshare interval fee simple ownership interest in a timeshare unit located in the Project which secures a Mortgage Loan Receivable and which entitles the owner thereof to occupy a unit at the Project for a particular interval, together with access to the accompanying facilities at the Project.