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 Phoenix Arizona Deed to Time Share Condominium with Covenants of Title is a legal document that conveys ownership rights to a specific unit within a time-share condominium located in Phoenix, Arizona. This type of deed is typically used in the context of shared ownership of vacation properties, allowing individuals to have exclusive access to the unit for a certain period each year. Time-share condominiums in Phoenix, Arizona offer owners the opportunity to enjoy the city's vibrant culture, outdoor activities, and year-round warm weather. These properties often feature luxurious amenities such as pools, spas, fitness centers, and proximity to popular tourist attractions. The Phoenix Arizona Deed to Time Share Condominium with Covenants of Title outlines the specific terms and conditions governing the ownership and use of the time-share unit. It typically includes covenants, or promises, made by the developer or management company to ensure the owner's rights and protect their investment. Keywords: Phoenix Arizona, Time Share Condominium, Deed, Covenants of Title, Ownership, Vacation Property, Shared Ownership, Luxury Amenities, Warm Weather, Tourist Attractions, Developer, Management Company, Investment. There might be different types of Phoenix Arizona Deed to Time Share Condominium with Covenants of Title, which may include variations such as: 1. Fixed Week Time Share: This type of time-share allows owners to occupy their unit during a fixed week or weeks each year, providing consistent and predictable vacation plans. 2. Floating Time Share: With a floating time-share, owners have the flexibility to choose their vacation dates within a specific season or period, subject to availability. 3. Points-Based Time Share: In this type of time-share, owners are allocated a certain number of points that can be used to book various accommodations within a resort network, offering more flexibility in terms of travel destinations and durations. 4. Right-to-Use Time Share: With a right-to-use time-share, owners hold a leasehold interest in the property for a specific number of years, typically ranging from 20 to 99 years, rather than owning a deeded interest. At the end of the lease term, the ownership reverts to the developer. 5. Fractional Ownership: Fractional ownership time-shares divide ownership of a property into fractions, commonly quarters or eighths of the year. This allows owners to enjoy more extended periods of stay or have the option to rent out their share. Keywords: Fixed Week Time Share, Floating Time Share, Points-Based Time Share, Right-to-Use Time Share, Fractional Ownership.
