Massachusetts General Laws ch. 183B sec. 18 – Deeds; notice of lease or license; recording; contents
Section 18. A time-share estate, coupled with a freehold estate, shall be evidenced by a time-share deed, and a time-share estate, coupled with an estate for years shall be evidenced by a notice of time-share lease. A time-share license shall be evidenced by a notice of time-share license. Said deed, notice of time-share lease or notice of time-share license shall be recorded in the registry of deeds or land registration office for the district in which the time-share property is located; provided however, that the number of time-shares in a time-share property is more than twelve. The time-share deed shall include the information required by law to be set forth in a deed of real property and the notice of time-share lease or notice of time-share license shall include the information required by law to be set forth in a notice of lease. In addition such deed or notice shall include:
Terms Used In Massachusetts General Laws ch. 183B sec. 18
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(1) a statement that the instrument relates to a time-share and is subject to the provisions of this chapter;
(2) a description of the time-share including designation of the unit or units, and the time-share property in which it is located;
(3) the book, page and date of recording of all time-share instruments denominating, creating or regulating the time-share;
(4) a statement of the use for which the time-share is intended and the restrictions, if any, on its use;
(5) the time-share expense liability and any voting rights assigned to the time-share; and
(6) any further provisions which the parties may deem desirable to set forth, consistent with the time-share instruments and the provisions of this chapter.