Time share is a type of property right under which the purchaser of a time share has access to the 'share' they own in a property for a specific 'time'. Time-shares have been sold for cruises, recreational vehicles, campgrounds, and many other types of properties, but their most popular use is for shares in condominiums at timeshare resorts.
A Warranty Deed s provides the most protection against defects of title- covenants that the grantor has title to, and the power to convey, the property; that the buyer will not be disturbed in possession of the land; and that transfer is made without unknown adverse claims of third parties. A Special Warranty Deed only that the grantor held good title during his or her ownership of the property, not that there were no title defects when others owned it. If all liens and encumbrances are disclosed, the seller is not liable if a third person interferes with the buyer's ownership.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Hawaii Deed to Time Share Condominium with Covenants of Title is a legal document that establishes ownership and rights to a specific time-share unit within a condominium complex located in Hawaii. This type of deed is specifically designed to address the unique aspects of time-share ownership in the state. The Hawaii Deed to Time Share Condominium with Covenants of Title ensures that the owner receives a specific time period (usually a week or a set number of days) annually to stay in the condominium unit. The deed also outlines the rights and responsibilities of the owner, including any restrictions or limitations on use, maintenance fees, and participation in the condominium association. Several variations of the Hawaii Deed to Time Share Condominium with Covenants of Title may exist, depending on the specific terms and conditions offered by the time-share developer or management company. Some common types include: 1. Floating time-share: This type of deed allows the owner to choose from different available dates within a specific season or period. This provides flexibility in selecting the desired vacation period each year. 2. Fixed time-share: In this case, the owner has a set week or specific dates assigned each year. The owner has a consistent period for their stay, and the same time frame is reserved annually. 3. Points-based time-share: This variation assigns a certain number of points to the owner, which can be used to book various units within the condominium complex throughout the year. The owner can choose the duration and timing of their stay based on the point value associated with each reservation. Regardless of the specific type, a Hawaii Deed to Time Share Condominium with Covenants of Title ensures that the owner has legal ownership and usage rights to a specific time-share unit. This document plays a crucial role in establishing clear rights and obligations between the owner and the time-share development or management company. It is important for prospective time-share buyers to carefully review the terms, restrictions, and covenants within the deed before making a purchase to ensure a thorough understanding of their rights and obligations as a time-share owner.
