New Hampshire Deed to Time Share Condominium with Covenants of Title

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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 New Hampshire Deed to Time Share Condominium with Covenants of Title is a legal document that establishes the ownership and rights of individuals who wish to purchase a time-share condominium in New Hampshire. This deed ensures that the buyer has clear and marketable title to the property and specifies certain covenants and restrictions that govern the use and transfer of the time-share. The New Hampshire Deed to Time Share Condominium with Covenants of Title is an important document in the real estate sector and plays a significant role in protecting the rights and interests of time-share owners in the state. It provides a clear outline of the ownership structure, usage guidelines, and transfer conditions for the time-share unit. Some relevant keywords associated with this type of deed may include: — New Hampshirtime-sharere condominium— - Time share ownership in New Hampshire — Legal document fotime-sharere purchase — Property deed with covenanttitletl— - Time share transfer and usage guidelines — Clear and marketable title fotime-sharere property — New Hampshire real estate regulation for time-shares There may be different variations of the New Hampshire Deed to Time Share Condominium with Covenants of Title, depending on the specific time-share condominium development or any additional clauses or restrictions imposed by the property owner or management. However, the core purpose of this deed remains the same in all cases — providing legal recognition and protection for time-share owners in New Hampshire.

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FAQ

Probably one of the most distinct features of condominium ownership lies in the concept of ?undivided ownership interest? of the common elements. All unit owners as members of the condominium's association share ownership of the common elements.

A condominium, or condo, is an individually owned unit in a complex or building of units. A condo owner owns the space inside their condo and shares ownership interest in the community property, such as the floor, stairwells, and exterior areas.

Sometimes, timeshare owners who no longer wish to own the property or lose it due to bankruptcy or foreclosure may be offered a warranty deed by the resort or lender to sign to legally remove their ownership status.

Therefore, ownership of a condominium is defined as air space. Since the building and land in which this air space exists is owned in common with other condominium owners, condominium properties generally contain a shared common area.

The only way to change, add or remove a name on a deed is to have a new deed drawn up. Once a document is recorded, it can not be changed. To show any change in ownership of property, you need to have a new deed drawn up.

Each homeowner in a condominium owns their unit in fee simple. In addition, the condominium owner is given an undivided interest in common areas which may include a percentage based upon individual unit ownership, square footage, or an amount based upon maintenance requirements anticipated for the unit.

Owners of condos receive a deed for their unit just like if they bought a house. They also own their unit in fee simple, which is the least restrictive form of real estate ownership recognized by law.

Covenant of Warranty ? The covenant of warranty is a covenant wherein the seller agrees to defend on behalf of the buyer any lawful or reasonable claims of title by a third party, and to compensate the buyer for any loss sustained by the claim of superior title.

More info

Real Estate. With Title. To gain access to and obtain state-specific legal forms, subscribe to US Legal Forms. Simply pick the template or package of legal ... ... the New Hampshire Attorney General ... A condominium form of ownership means that individual owners own their specific units and have shared ownership of the ...Estate Sale with Fiduciary Covenants. • Fiduciary must be indicated in the title or fiduciary covenants within the body of the deed. • Does not include all ... 01-Apr-2019 — of the Condominium Act that adds a time limit for conversions of ... (a) A deed or deeds with statutory quitclaim covenants which, alone or. 29-Oct-2018 — The quitclaim deed in New Hampshire conveys title with fewer covenants than a warranty deed, which carries covenants of seisin (that the ... by AS Burek · 1979 · Cited by 12 — rather than enlighten on this new concept of property ownership. The. Colorado and Utah acts relate to time-share estates, that is the fee and estate. Time sharing interest shall include ""interval ownership interest,''. ""vacation license'' or any other similar term. XXIX. ""Unit'' shall mean a portion of the ... ... title to a unit or apartment is the unit or apartment deed. This document represents ... time, the existence of time-sharing ownership in a condominium property. 1.10 “Condominium Act” shall mean the New Hampshire Condominium Act,. N.H. ... Development Property, by acceptance of a deed conveying title thereto, whether from ... 25-Apr-2022 — The most common type of deed restriction is a restrictive covenant. Developers often convey deeds with the same restrictive covenants to all ...

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New Hampshire Deed to Time Share Condominium with Covenants of Title