# Tenn. Code Ann. § 66-32-106: Instruments for time-share estates

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-106

## Section

- **Citation:** Tenn. Code Ann. § 66-32-106
- **Heading:** Instruments for time-share estates
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 66 / Chapter 32 / Section 66-32-106

## Text

Project instruments and time-share instruments creating time-share estates must contain the following: (1) The name of the county in which the property is situated; (2) The legal description, street address or other description sufficient to identify the property; (3) Identification of time periods by letter, name, number, or combination thereof; (4) Identification of time-share estates and, where applicable, the method whereby additional time-share estates may be created; (5) The formula, fraction or percentage, of the common expenses and any voting rights assigned to each time-share estate and, where applicable, to each unit in a project that is not subject to the time-share program; (6) Any restrictions on the use, occupancy, alteration or alienation of time-share intervals; (7) The ownership interest, if any, in personal property and provisions for the care, maintenance and replacement of the commonly owned capital improvements and the commonly owned personal property belonging to the time-share estates. Specifically, an escrow or reserve account shall be established for the repair, replacement and maintenance of capital improvements and personal property; and (8) Any other matters the developer deems appropriate. Acts 1981, ch. 372, § 7; T.C.A., § 64-3207; Acts 1989, ch. 65, § 1.
Project instruments and time-share instruments creating time-share estates must contain the following:
(1) The name of the county in which the property is situated;
(2) The legal description, street address or other description sufficient to identify the property;
(3) Identification of time periods by letter, name, number, or combination thereof;
(4) Identification of time-share estates and, where applicable, the method whereby additional time-share estates may be created;
(5) The formula, fraction or percentage, of the common expenses and any voting rights assigned to each time-share estate and, where applicable, to each unit in a project that is not subject to the time-share program;
(6) Any restrictions on the use, occupancy, alteration or alienation of time-share intervals;
(7) The ownership interest, if any, in personal property and provisions for the care, maintenance and replacement of the commonly owned capital improvements and the commonly owned personal property belonging to the time-share estates. Specifically, an escrow or reserve account shall be established for the repair, replacement and maintenance of capital improvements and personal property; and
(8) Any other matters the developer deems appropriate.
Acts 1981, ch. 372, § 7; T.C.A., § 64-3207; Acts 1989, ch. 65, § 1.

## Nearby sections

- [Tenn. Code Ann. § 66-32-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-101.md)
- [Tenn. Code Ann. § 66-32-102 Part definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-102.md)
- [Tenn. Code Ann. § 66-32-103 Nature of time-share estates - Recordation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-103.md)
- [Tenn. Code Ann. § 66-32-104 Applicability of local ordinances, regulations, and building codes](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-104.md)
- [Tenn. Code Ann. § 66-32-105 Time-share units](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-105.md)
- [Tenn. Code Ann. § 66-32-106 Instruments for time-share estates](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-106.md)
- [Tenn. Code Ann. § 66-32-107 Time-share estate management](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-107.md)
- [Tenn. Code Ann. § 66-32-108 Developer control](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-108.md)
- [Tenn. Code Ann. § 66-32-109 Instruments for time-share use](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-109.md)
- [Tenn. Code Ann. § 66-32-110 Time-share use management](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-110.md)
- [Tenn. Code Ann. § 66-32-111 Partition](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-111.md)
- [Tenn. Code Ann. § 66-32-112 Public offering statement - General provisions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-112.md)
- [Tenn. Code Ann. § 66-32-113 Escrow of deposits](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-113.md)
- [Tenn. Code Ann. § 66-32-114 Mutual rights of cancellation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T66_C32_S66-32-106. Check the current official text before relying on it. Not legal advice.