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.
Arizona Deed to Time Share Condominium with Covenants of Title is a legal document that transfers ownership of a time-share condominium unit in Arizona. This type of deed includes specific covenants of title, providing guarantees and assurances of the property's ownership and legal rights. Here's a detailed description of the Arizona Deed to Time Share Condominium with Covenants of Title: 1. Purpose: The Arizona Deed to Time Share Condominium with Covenants of Title is created to legally transfer ownership of a time-share condominium unit in Arizona from the seller (granter) to the buyer (grantee). 2. Essential Elements: This deed includes essential elements such as the legal description of the time-share unit, the names of the granter and grantee, details of the time-share plan, and any additional terms or conditions agreed upon by both parties. 3. Covenants of Title: The covenants of title in this deed provide guarantees and promises made by the granter regarding the property's ownership. These covenants include: — Covenanbasinin: Thgranteror assures that they have full ownership rights and authority to transfer the time-share unit to the grantee. — Covenant Against Encumbrances: The granter guarantees that there are no liens, mortgages, or other encumbrances on the property, except as specifically mentioned in the deed. — Covenant of Quiet Enjoyment: Thgranteror ensures that the grantee will have undisturbed and peaceful possession of the time-share unit, without any interference from the granter or anyone claims through the granter. — Covenant of Further Assurance: Thgranteror agrees to take any future actions necessary to perfect the grantee's title to the time-share unit if needed. — Covenant for Warranty: The granter promises to defend the grantee's title against any claims made by third parties. 4. Types of Arizona Deeds to Time Share Condominium with Covenants of Title: — General Arizona Deed to Time Share Condominium with Covenants of Title: The most common type of deed used to transfer ownership of a time-share condominium unit in Arizona. It includes all the essential elements and covenants of title mentioned above. — Special Arizona Deed to Time Share Condominium with Covenants of Title: This specific type of deed may include additional terms or conditions agreed upon by the parties involved. These additional provisions can be tailored to suit the unique circumstances of the transfer. 5. Importance: The Arizona Deed to Time Share Condominium with Covenants of Title is vital for both the seller and buyer as it legally transfers ownership, protects the buyer's rights, and guarantees the authenticity of the property's title. In conclusion, the Arizona Deed to Time Share Condominium with Covenants of Title is a crucial document that facilitates the legal transfer of ownership for a time-share condominium unit in Arizona. It provides guarantees of title and protects the rights of both parties involved in the transaction.Arizona Deed to Time Share Condominium with Covenants of Title is a legal document that transfers ownership of a time-share condominium unit in Arizona. This type of deed includes specific covenants of title, providing guarantees and assurances of the property's ownership and legal rights. Here's a detailed description of the Arizona Deed to Time Share Condominium with Covenants of Title: 1. Purpose: The Arizona Deed to Time Share Condominium with Covenants of Title is created to legally transfer ownership of a time-share condominium unit in Arizona from the seller (granter) to the buyer (grantee). 2. Essential Elements: This deed includes essential elements such as the legal description of the time-share unit, the names of the granter and grantee, details of the time-share plan, and any additional terms or conditions agreed upon by both parties. 3. Covenants of Title: The covenants of title in this deed provide guarantees and promises made by the granter regarding the property's ownership. These covenants include: — Covenanbasinin: Thgranteror assures that they have full ownership rights and authority to transfer the time-share unit to the grantee. — Covenant Against Encumbrances: The granter guarantees that there are no liens, mortgages, or other encumbrances on the property, except as specifically mentioned in the deed. — Covenant of Quiet Enjoyment: Thgranteror ensures that the grantee will have undisturbed and peaceful possession of the time-share unit, without any interference from the granter or anyone claims through the granter. — Covenant of Further Assurance: Thgranteror agrees to take any future actions necessary to perfect the grantee's title to the time-share unit if needed. — Covenant for Warranty: The granter promises to defend the grantee's title against any claims made by third parties. 4. Types of Arizona Deeds to Time Share Condominium with Covenants of Title: — General Arizona Deed to Time Share Condominium with Covenants of Title: The most common type of deed used to transfer ownership of a time-share condominium unit in Arizona. It includes all the essential elements and covenants of title mentioned above. — Special Arizona Deed to Time Share Condominium with Covenants of Title: This specific type of deed may include additional terms or conditions agreed upon by the parties involved. These additional provisions can be tailored to suit the unique circumstances of the transfer. 5. Importance: The Arizona Deed to Time Share Condominium with Covenants of Title is vital for both the seller and buyer as it legally transfers ownership, protects the buyer's rights, and guarantees the authenticity of the property's title. In conclusion, the Arizona Deed to Time Share Condominium with Covenants of Title is a crucial document that facilitates the legal transfer of ownership for a time-share condominium unit in Arizona. It provides guarantees of title and protects the rights of both parties involved in the transaction.
