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 Florida Deed to Time Share Condominium with Covenants of Title is a legal document that effectively transfers ownership rights to a time-share unit within a condominium complex, ensuring the buyer has clear and undisputed ownership. This type of deed is specific to time-share properties in Florida and is commonly used to establish the rights and responsibilities of both the buyer and the seller. It outlines the covenants of title, which are certain guarantees given by the seller to the buyer regarding the property's ownership and title. These covenants of title typically include: 1. Guarantee of Ownership: The seller guarantees that they are the rightful owner of the time-share unit and have the legal authority to transfer ownership to the buyer. 2. No Encumbrances: The seller guarantees that the time-share unit is not encumbered by any liens, mortgages, or other claims that could affect the buyer's rights to the property. 3. Quiet Enjoyment: The seller guarantees that the buyer will have undisturbed possession and use of the time-share unit without interference from any third parties. 4. Right to Transfer: The seller guarantees that the buyer will have the right to transfer or sell their time-share unit without any restrictions imposed by the seller. 5. Warranty of Title: The seller guarantees that the title to the time-share unit is free and clear, and that they will defend the buyer against any claims of ownership made by third parties. It's important to note that there may be different variations of a Florida Deed to Time Share Condominium with Covenants of Title, depending on the specific terms and conditions agreed upon by the buyer and seller. For example, there could be different deed forms for fixed week time-shares, floating week time-shares, or points-based time-shares. The specific type of time-share deed will depend on the individual circumstances of the transaction and the specific provisions agreed upon by the parties involved. Overall, a Florida Deed to Time Share Condominium with Covenants of Title is a crucial document that ensures the buyer's rights and ownership are protected in a time-share property transaction, providing peace of mind and legal assurance.A Florida Deed to Time Share Condominium with Covenants of Title is a legal document that effectively transfers ownership rights to a time-share unit within a condominium complex, ensuring the buyer has clear and undisputed ownership. This type of deed is specific to time-share properties in Florida and is commonly used to establish the rights and responsibilities of both the buyer and the seller. It outlines the covenants of title, which are certain guarantees given by the seller to the buyer regarding the property's ownership and title. These covenants of title typically include: 1. Guarantee of Ownership: The seller guarantees that they are the rightful owner of the time-share unit and have the legal authority to transfer ownership to the buyer. 2. No Encumbrances: The seller guarantees that the time-share unit is not encumbered by any liens, mortgages, or other claims that could affect the buyer's rights to the property. 3. Quiet Enjoyment: The seller guarantees that the buyer will have undisturbed possession and use of the time-share unit without interference from any third parties. 4. Right to Transfer: The seller guarantees that the buyer will have the right to transfer or sell their time-share unit without any restrictions imposed by the seller. 5. Warranty of Title: The seller guarantees that the title to the time-share unit is free and clear, and that they will defend the buyer against any claims of ownership made by third parties. It's important to note that there may be different variations of a Florida Deed to Time Share Condominium with Covenants of Title, depending on the specific terms and conditions agreed upon by the buyer and seller. For example, there could be different deed forms for fixed week time-shares, floating week time-shares, or points-based time-shares. The specific type of time-share deed will depend on the individual circumstances of the transaction and the specific provisions agreed upon by the parties involved. Overall, a Florida Deed to Time Share Condominium with Covenants of Title is a crucial document that ensures the buyer's rights and ownership are protected in a time-share property transaction, providing peace of mind and legal assurance.
