§ 66-32-110. Time-Share Use Management
The time-share instruments for a time-share use program shall prescribe reasonable arrangements for management and operation of the time-share program and for the maintenance, repair and furnishing of units which shall ordinarily include, but need not be limited to, provisions for the following: Standards and procedures for upkeep, repair and interior furnishings of units and […]
§ 66-32-111. Partition
No action for partition of a unit may be maintained except as permitted by the time-share instrument.
§ 66-32-112. Public Offering Statement — General Provisions
A public offering statement must be provided to each purchaser of a time-share interval and must contain or fully and accurately disclose: The name of the developer and the principal address of the developer and the time-share intervals offered in the statement; A general description of the units including, without limitation, the developer’s schedule of […]
§ 66-32-103. Nature of Time-Share Estates — Recordation
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. Each time-share estate constitutes for purposes of title […]
§ 66-32-104. Applicability of Local Ordinances, Regulations, and Building Codes
A zoning, subdivision, or other ordinance or regulation may not discriminate against the creation of time-share intervals or impose any requirement upon a time-share program which it would not impose upon a similar development under a different form of ownership.
§ 66-32-105. Time-Share Units
A time-share program may be created in any unit, unless expressly prohibited by the project instruments or local governing laws.
§ 66-32-101. Short Title
This part shall be known and may be cited as the “Tennessee Time-Share Act of 1981.”
§ 66-32-102. Part Definitions
As used in this part and part 2 of this chapter, unless the context otherwise requires: “Acquisition agent” means a person who by means of telephone, mail, advertisement, inducement, solicitation or otherwise attempts directly to encourage any person to attend a sales presentation for a time-share program; “Advertise” or “advertisement” means any written, printed, verbal […]