Utah Statutes
§ 57-29-102 — Definitions.
Utah·Title 57 Real Estate·Ch. 57-29 Undivided Fractionalized Long-term Estate Sales Practices Act·Part 57-29-1 General Provisions
As used in this chapter:
(1)"Commission" means the Real Estate Commission created in Section 61-2f-103.
(2)"Director" means the director of the Division of Real Estate.
(3)"Division" means the Division of Real Estate created in Section 61-2-201.
(4)"Management agreement" means an agreement between a person and each owner of an undivided fractionalized long-term estate in a piece of real property under which the person agrees to manage the leasing or operations of the real property.
(5)"Master lease" means an agreement under which a person is granted a leasehold interest in real property and may sublease all or a portion of the real property to one or more persons.
(6)"Master lease tenant" means the lessee in a master lease.
(7)"Sponsor" means a person who is the original seller of a
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 57-29-102 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 381, 2016 General Session
Nearby Sections
15
§ 57-1-1
Definitions.§ 57-1-10
After-acquired title passes.§ 57-1-12
Form of warranty deed -- Effect.§ 57-1-12.5
Form of special warranty deed -- Effect.§ 57-1-13
Form of quitclaim deed.§ 57-1-14
Form of mortgage -- Effect.§ 57-1-19
Trust deeds -- Definitions of terms.