As used in this chapter, unless the context indicates otherwise, the following terms have the following meanings.
1.Manager.
"Manager" means any person, other than all time-share owners or the association, designated in or employed pursuant to the time-share instrument or project instrument to manage the time-share units.
2.Managing entity.
"Managing entity" means the manager or, if there is no manager, the association of unit owners.
3.Project.
"Project" means real property subject to a project instrument containing more than one unit. A project may include units that are not time-share units.
4.Project instrument.
"Project instrument" means one or more recordable documents by whatever name denominated, applying to the whole of a project and containing restrictions or covenants regula
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As used in this chapter, unless the context indicates otherwise, the following terms have the following meanings.
1.
Manager.
"Manager" means any person, other than all time-share owners or the association, designated in or employed pursuant to the time-share instrument or project instrument to manage the time-share units.
2.
Managing entity.
"Managing entity" means the manager or, if there is no manager, the association of unit owners.
3.
Project.
"Project" means real property subject to a project instrument containing more than one unit. A project may include units that are not time-share units.
4.
Project instrument.
"Project instrument" means one or more recordable documents by whatever name denominated, applying to the whole of a project and containing restrictions or covenants regulating the use, occupancy or disposition of units in a project, including any amendments to the document, but excluding any law, ordinance or governmental regulation.
5.
Purchaser.
"Purchaser" means any person, other than a developer, who by means of a voluntary transfer acquires a legal or equitable interest in a time share other than as security for an obligation.
6.
Time share.
"Time share" means a time-share estate or a time-share license.
7.
Time-share estate.
"Time-share estate" means any interest in a unit or any of several units under which the exclusive right of use, possession or occupancy of the unit circulates among the various time-share owners in the unit in accordance with a fixed time schedule on a periodically recurring basis for periods of time established by the schedule coupled with a freehold estate or an estate for years in a time-share property or a specified portion thereof.
8.
Time-share instrument.
"Time-share instrument" means one or more documents, by whatever name denominated, creating or regulating time shares.
9.
Time-share license.
"Time-share license" means a right to occupy a unit or any of several units during 3 or more separated time periods over a period of at least 3 years, including renewal options, not coupled with a freehold estate or an estate for years.
10.
Time-share owner.
"Time-share owner" means a person who is an owner or co-owner of a time share other than as security for an obligation.
11.
Time-share property.
"Time-share property" means one or more time-share units subject to the same time-share instrument, together with any other real estate or rights appurtenant to those units.
12.
Time-share unit.
"Time-share unit" means a unit in which time shares exist.
13.
Unit.
"Unit" means real property or a portion thereof designated for separate use.