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.
Rhode Island Deed to Time Share Condominium with Covenants of Title is a legal document that transfers ownership of a time-share condominium unit in Rhode Island. This type of deed ensures that the buyer receives a clear and marketable title, free from any liens or encumbrances. It provides various covenants of title to protect the buyer's interest in the property. The Rhode Island Deed to Time Share Condominium with Covenants of Title contains several key clauses and provisions. These typically include: 1. Identification of the parties: The names and addresses of both the seller (granter) and the buyer (grantee) are clearly stated in the deed. 2. Property description: The deed provides an accurate and detailed description of the time-share condominium unit being conveyed. This includes information such as the unit number, building name, address, and any other relevant details to identify the property. 3. Conveyance language: The deed explicitly states that the seller grants, bargains, and sells the time-share condominium unit to the buyer, transferring full ownership rights. 4. Covenants of title: The Rhode Island Deed to Time Share Condominium with Covenants of Title typically includes various covenants to protect the buyer's interest in the property. Some common covenants may include the covenant of basin (ensuring the seller has proper ownership rights), the covenant against encumbrances (protecting against undisclosed liens or claims), and the covenant of quiet enjoyment (guaranteeing the buyer's right to possess and enjoy the property without interference). 5. Legal language and signature blocks: The deed is typically drafted in accordance with Rhode Island state laws and regulations. It includes signature blocks for both the seller and the buyer, as well as notary acknowledgment and witnessing. Different types of Rhode Island Deed to Time Share Condominium with Covenants of Title may vary based on the specific terms and conditions outlined in the document. These variations may include the duration of the time-share ownership, the specific obligations or restrictions imposed on the buyer, and any additional covenants or warranties offered by the seller. It is important to consult with a qualified real estate attorney or professional familiar with time-share condominium transactions in Rhode Island to ensure that the specific requirements and regulations are met when preparing and executing a Rhode Island Deed to Time Share Condominium with Covenants of Title.Rhode Island Deed to Time Share Condominium with Covenants of Title is a legal document that transfers ownership of a time-share condominium unit in Rhode Island. This type of deed ensures that the buyer receives a clear and marketable title, free from any liens or encumbrances. It provides various covenants of title to protect the buyer's interest in the property. The Rhode Island Deed to Time Share Condominium with Covenants of Title contains several key clauses and provisions. These typically include: 1. Identification of the parties: The names and addresses of both the seller (granter) and the buyer (grantee) are clearly stated in the deed. 2. Property description: The deed provides an accurate and detailed description of the time-share condominium unit being conveyed. This includes information such as the unit number, building name, address, and any other relevant details to identify the property. 3. Conveyance language: The deed explicitly states that the seller grants, bargains, and sells the time-share condominium unit to the buyer, transferring full ownership rights. 4. Covenants of title: The Rhode Island Deed to Time Share Condominium with Covenants of Title typically includes various covenants to protect the buyer's interest in the property. Some common covenants may include the covenant of basin (ensuring the seller has proper ownership rights), the covenant against encumbrances (protecting against undisclosed liens or claims), and the covenant of quiet enjoyment (guaranteeing the buyer's right to possess and enjoy the property without interference). 5. Legal language and signature blocks: The deed is typically drafted in accordance with Rhode Island state laws and regulations. It includes signature blocks for both the seller and the buyer, as well as notary acknowledgment and witnessing. Different types of Rhode Island Deed to Time Share Condominium with Covenants of Title may vary based on the specific terms and conditions outlined in the document. These variations may include the duration of the time-share ownership, the specific obligations or restrictions imposed on the buyer, and any additional covenants or warranties offered by the seller. It is important to consult with a qualified real estate attorney or professional familiar with time-share condominium transactions in Rhode Island to ensure that the specific requirements and regulations are met when preparing and executing a Rhode Island Deed to Time Share Condominium with Covenants of Title.
