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 Kansas Deed to Time Share Condominium with Covenants of Title is a legal document that transfers ownership rights to a time-share condominium unit in the state of Kansas. This type of deed ensures that the buyer receives clear and marketable title to the property, along with certain covenants designed to protect their ownership rights. The Kansas Deed to Time Share Condominium with Covenants of Title outlines the specific details of the time-share unit being transferred, including its legal description, unit number, and any associated amenities or restrictions. It also includes the names of the parties involved in the transaction — the sellergranteror) and the buyer (grantee). The deed includes various covenants of title to provide additional protection and assurances to the buyer. These covenants typically include: 1. Covenant of Basin: This ensures that the seller has legal ownership and the right to transfer the time-share unit to the buyer. 2. Covenant Against Encumbrances: This guarantees that the time-share unit is free from any liens, mortgages, or other encumbrances, except those explicitly disclosed in the deed. 3. Covenant of Quiet Enjoyment: This guarantees that the buyer will have peaceful and undisturbed possession of the time-share unit, without any interference from the seller or third parties. 4. Covenant of Warranty: This assures the buyer that the seller will defend their ownership rights against any claims that may arise in the future and compensate for any losses occurred due to defects in the title. It's worth noting that there might be variations in the types of Kansas Deed to Time Share Condominium with Covenants of Title depending on the specific development or arrangement. Some common variations may include: 1. Fixed-Week Deed: This type of deed grants the buyer a specific week(s) of the year for their time-share unit. The buyer has the right to use the unit during that fixed time period each year. 2. Floating Week Deed: With this type of deed, the buyer has more flexibility in choosing their time of occupancy within a given season or set of weeks. The specific week(s) can be reserved on a first-come, first-served basis. 3. Points-Based Deed: This type of deed allows the buyer to accumulate points that can be used to reserve time at various resorts or destinations within the time-share network. Kansas Deed to Time Share Condominium with Covenants of Title plays a crucial role in ensuring a smooth transfer of ownership for time-share condominium units in Kansas. By including essential covenants, buyers can have peace of mind knowing that their ownership rights are protected.
