§ 66-32-106. Instruments for Time-Share Estates
Project instruments and time-share instruments creating time-share estates must contain the following: The name of the county in which the property is situated; The legal description, street address or other description sufficient to identify the property; Identification of time periods by letter, name, number, or combination thereof; Identification of time-share estates and, where applicable, the […]
§ 66-32-107. Time-Share Estate Management
The time-share instruments for a time-share estate 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: Creation of an association of time-share estate owners; Adoption of bylaws for […]
§ 66-32-108. Developer Control
The time-share instruments for a time-share estate program may provide for a “developer control period,” during which the developer or a managing agent selected by the developer may manage the time-share program and the units in the time-share program. If the time-share instruments for a time-share estate program provide for the establishment of a developer […]
§ 66-32-109. Instruments for Time-Share Use
Project instruments and time-share instruments creating time-share uses must contain the following: Identification by name of the time-share project and street address where the time-share project is situated; Identification of the time periods, type of units and the units that are in the time-share program and the length of time that the units are committed […]
§ 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 […]
§ 66-32-101. 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 […]