Tennessee § 66-32-103 Nature of time-share estates - Recordation

Tennessee Statutes

§ 66-32-103 — Nature of time-share estates - Recordation

(a)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.

(b)Each time-share estate constitutes for purposes of title a separate estate or interest in property except for real property tax purposes.

(c)A document transferring or encumbering a time-share estate in real property may not be rejected for recordation because of the nature or duration of that estate or interest.

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(a) 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. (b) Each time-share estate constitutes for purposes of title a separate estate or interest in property except for real property tax purposes. (c) A document transferring or encumbering a time-share estate in real property may not be rejected for recordation because of the nature or duration of that estate or interest.

Tennessee § 66-32-103 (Nature of time-share estates - Recordation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.