Nature of time-share estates - Recordation
TennesseeStatutes
Ask Donna
How this section applies to your facts.
TN Code › Title 66 › Chapter 32 › Section 66-32-103
Text
(a) A "time-share estate" is an estate in real property and has the character and incidents of an estate in fee simple at common law or estate for years, if a leasehold, except as expressly modified by this part. This shall supersede any contrary rule at common law. (b) Each time-share estate constitutes for purposes of title a separate estate or interest in property except for real property tax purposes. (c) A document transferring or encumbering a time-share estate in real property may not be rejected for recordation because of the nature or duration of that estate or interest. Acts 1981, ch. 372, §§ 3, 4; T.C.A., §§ 64-3203, 64-3204.
(a) A "time-share estate" is an estate in real property and has the character and incidents of an estate in fee simple at common law or estate for years, if a leasehold, except as expressly modified by this part. This shall supersede any contrary rule at common law.
(b) Each time-share estate constitutes for purposes of title a separate estate or interest in property except for real property tax purposes.
(c) A document transferring or encumbering a time-share estate in real property may not be rejected for recordation because of the nature or duration of that estate or interest.
Acts 1981, ch. 372, §§ 3, 4; T.C.A., §§ 64-3203, 64-3204.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.