Colorado § 38-33-111 Special provisions applicable to time share ownership

Colorado Statutes

§ 38-33-111 — Special provisions applicable to time share ownership

Colorado § 38-33-111

Title 38Property -

Art.Condominium Ownership Act

This text of Colorado § 38-33-111 (Special provisions applicable to time share ownership) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 38-33-111 (2026).

Text

(1)No time share estates shall be created with respect to any condominium unit except pursuant to provisions in the project instruments expressly permitting the creation of such estates. Each time share estate shall constitute for all purposes an estate or interest in real property, separate and distinct from all other time share estates in the same unit or any other unit, and such estates may be separately conveyed and encumbered.

(2)Repealed.

(3)With respect to each time share unit, each owner of a time share estate therein shall be individually liable to the unit owners' association or corporation for all assessments, property taxes both real and personal, and charges levied pursuant to the project instruments against or with respect to that unit, and such association or

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(1) No
time share estates shall be created with respect to any condominium unit except
pursuant to provisions in the project instruments expressly permitting the creation
of such estates. Each time share estate shall constitute for all purposes an estate
or interest in real property, separate and distinct from all other time share estates
in the same unit or any other unit, and such estates may be separately conveyed
and encumbered.

(2) Repealed.

(3) With respect to each time share unit, each owner of a time share estate
therein shall be individually liable to the unit owners' association or corporation for
all assessments, property taxes both real and personal, and charges levied
pursuant to the project instruments against or with respect to that unit, and such
association or corporation shall be liable for the payment thereof, except to the
extent that such instruments provide to the contrary. However, with respect to each
other, each time share owner shall be responsible only for a fraction of such
assessments, property taxes both real and personal, and charges proportionate to
the magnitude of his undivided interest in the fee to the unit.

(4) No person shall have standing to bring suit for partition of any time share
unit except in accordance with such procedures, conditions, restrictions, and
limitations as the project instruments and the deeds to the time share estates may
specify. Upon the entry of a final order in such a suit, it shall be conclusively
presumed that all such procedures, conditions, restrictions, and limitations were
adhered to.

(5) In the event that any condemnation award, any insurance proceeds, the
proceeds of any sale, or any other sums shall become payable to all of the time
share owners of a unit, the portion payable to each time share owner shall be
proportionate to the magnitude of his undivided interest in the fee to the unit.