Real Estate Time-Shares

  1. Law
  2. Massachusetts General Laws
  3. Real and Personal Property and Domestic Relations
  4. Title to Real Property
  5. Real Estate Time-Shares

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Section
1

Citation

Section
2

Definitions

Section
3

Estates in Fee Simple; Estates for Years; Separate Estates; Taxes and Assessments; Recording Documents

Section
4

Agreements Varying Chapter Prohibited; Waiver of Rights

Section
5

Unconscionable Contracts

Section
6

Good Faith Obligation

Section
7

Remedies; Liberal Administration; Damages; Judicial Enforcement

Section
8

Laws Supplementary to Chapter

Section
9

Conflicts With Other Laws

Section
10

Implied Repeals by Subsequent Legislation

Section
11

Project Instruments; Creation of Time-Shares; Amendments

Section
12

Instruments for Creation of More Than Twelve Time-Shares in Single Property; Recording; Contents

Section
13

Instruments; Allocation of Votes and Expense Liabilities; Alteration

Section
14

Partition of Units

Section
15

Termination Agreements

Section
16

Sales or Management Offices; Models; Signs

Section
17

Instruments; Approval of Actions of Owners, Developer, or Managing Entity

Section
18

Deeds; Notice of Lease or License; Recording; Contents

Section
19

Managing Entity

Section
20

Powers of Association

Section
21

Powers and Duties of Developer

Section
22

Special Developer Right

Section
23

Contracts or Leases Between Developer and Managing Entity; Termination by Association or Owners

Section
24

Duties of Managing Entity; Access to Units; Alteration of Unit by Owner

Section
25

Liability of Owners; Actions Involving Owners, Developers, or Associations; Tolling of Limitations; Judgments Against Associations

Section
26

Insurance

Section
27

Surplus Funds

Section
28

Expenses; Assessments; Late Charges; Interest; Reserve Funds

Section
29

Liens for Assessments Levied or Fines Imposed

Section
29a

Forfeiture of Rights of Time-Share Owner for Breach of Condition of Any Mortgage; Proceedings

Section
29b

Forfeiture of Rights of Time-Share Owner for Non-Payment of Assessments; Proceedings

Section
30

Financial Records

Section
31

Third Persons Dealing With Trustee

Section
32

Definitions; List of Addresses of Owners; Ballots; Communication Expenses; Vote Allocation; Notice; Recording Amendments

Section
33

Amendment of Project Instruments or Unrecorded Documents; Approval of Expenditures; Procedure

Section
34

Referendum to Amend Project Instrument or Other Matters

Section
35

Discharge of Manager

Section
36

Dispositions or Offerings for Which Public Offering Statement or Other Materials Not Required

Section
37

Public Offering Statements; Responsibility for Preparation; Liability for Misleading Statement; Multi-Location Plans

Section
38

Public Offering Statements; Furnishing to Purchaser; Contents

Section
39

Public Offering Statements; Conversion Buildings; Contents

Section
39a

Conformity of Units to Regulations

Section
40

Public Offering Statements; Time-Share Registered With Securities Exchange Commission

Section
41

Providing Prospective Purchaser With Public Offering Statement and Resale Disclosures; Cancellation of Contract; Damages

Section
42

Copy of Instrument and Certificate; Delivery to Purchaser; Limitation on Expense Liability

Section
42a

Resale Service Providers; Disclosure Obligations

Section
43

Deposits Placed in Escrow; Holding Instrument of Payment

Section
44

Release of Liens; Surety Bond; Service of Process for Foreclosure of Lien

Section
45

Express Warranties

Section
46

Implied Warranties of Developer or Person in Business of Selling Real Estate for Own Account

Section
47

Implied Warranties of Quality; Exclusions or Modifications

Section
48

Limitation of Actions for Breach of Warranties

Section
49

Failure to Comply With Chapter

Section
50

Improvements Not Required to Be Built

Section
51

Completion of Promised Improvements; Responsibility for Recording Deed or Notice

Section
52

Advertisements Including Prize Offer

Section
53

Exchange Programs; Information; Promotional Literature; Liability

Section
54

Multi-Location Developers; Information for Purchasers; Violations

Section
55

Project Brokers

Section
56

Transfer of Interest; Time-Share Services Agreements; Transfer Services; Penalties; Prohibitions