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.
Ohio Deed to Time Share Condominium with Covenants of Title is a legal document that establishes ownership rights and covenants of title in a time-share condominium in the state of Ohio. This type of deed is specifically designed for individuals or groups who wish to share ownership of a condominium unit for a predetermined period of time. This deed ensures that the owner, referred to as the granter, has the legal authority to transfer their ownership interest in the time-share condominium to the recipient, known as the grantee. It contains specific information about the time-share unit, including its location, unit number, and any additional amenities or benefits associated with the unit. The Ohio Deed to Time Share Condominium with Covenants of Title includes covenants of title, which are promises made by the granter to the grantee regarding the ownership and transferability of the time-share unit. These covenants ensure that the grantee receives clear and marketable title to the property and protects them against any potential title defects or claims. There can be different types of Ohio Deeds to Time Share Condominium with Covenants of Title, such as: 1. Fixed Week Deed: This type of deed grants the owner the right to use the time-share unit during a specific fixed week or weeks each year. The owner has the same designated time period annually. 2. Floating Week Deed: In this type of deed, the owner has the flexibility to choose their desired time period within a specified time frame. The owner typically has to make reservations in advance and availability is subject to a first-come-first-serve basis. 3. Points-based Deed: This deed grants the owner a certain number of points that can be used to book time at various time-share properties within a given time period. The owner has the flexibility to choose the location and duration of their stay based on the points value associated with each property. 4. Right-to-Use Deed: Unlike traditional ownership, this type of deed grants the owner the right to use the time-share unit for a specific period of time, such as a certain number of years. However, the ownership does not extend beyond the agreed-upon term. Overall, the Ohio Deed to Time Share Condominium with Covenants of Title plays a crucial role in legally transferring ownership rights and providing assurance to the grantee about the marketability of their time-share unit. It enables individuals or groups to enjoy the benefits of owning a vacation property for a predetermined period without the hassle of full-time ownership and maintenance responsibilities.Ohio Deed to Time Share Condominium with Covenants of Title is a legal document that establishes ownership rights and covenants of title in a time-share condominium in the state of Ohio. This type of deed is specifically designed for individuals or groups who wish to share ownership of a condominium unit for a predetermined period of time. This deed ensures that the owner, referred to as the granter, has the legal authority to transfer their ownership interest in the time-share condominium to the recipient, known as the grantee. It contains specific information about the time-share unit, including its location, unit number, and any additional amenities or benefits associated with the unit. The Ohio Deed to Time Share Condominium with Covenants of Title includes covenants of title, which are promises made by the granter to the grantee regarding the ownership and transferability of the time-share unit. These covenants ensure that the grantee receives clear and marketable title to the property and protects them against any potential title defects or claims. There can be different types of Ohio Deeds to Time Share Condominium with Covenants of Title, such as: 1. Fixed Week Deed: This type of deed grants the owner the right to use the time-share unit during a specific fixed week or weeks each year. The owner has the same designated time period annually. 2. Floating Week Deed: In this type of deed, the owner has the flexibility to choose their desired time period within a specified time frame. The owner typically has to make reservations in advance and availability is subject to a first-come-first-serve basis. 3. Points-based Deed: This deed grants the owner a certain number of points that can be used to book time at various time-share properties within a given time period. The owner has the flexibility to choose the location and duration of their stay based on the points value associated with each property. 4. Right-to-Use Deed: Unlike traditional ownership, this type of deed grants the owner the right to use the time-share unit for a specific period of time, such as a certain number of years. However, the ownership does not extend beyond the agreed-upon term. Overall, the Ohio Deed to Time Share Condominium with Covenants of Title plays a crucial role in legally transferring ownership rights and providing assurance to the grantee about the marketability of their time-share unit. It enables individuals or groups to enjoy the benefits of owning a vacation property for a predetermined period without the hassle of full-time ownership and maintenance responsibilities.
