General Practice, Solo & Small Firm DivisionMagazine

 

Legal Documents Typically Drafted for Timeshare Developers

• Purchase/Club Membership Agreement

• Promissory Note

• Mortgage/Deed of Trust

• Truth-in-Lending/RESPA Disclosures

• Declaration of Condominium/Declaration of Covenants, Conditions, and Restrictions

• Escrow Agreement (for purchaser deposits)

• Trust Agreement

• Resort/Hotel Use Agreement

• Articles of Incorporation/Bylaws of Timeshare Owners’ Association

• Subordination/Non-Disturbance Agreement(s)

• Management Agreement

• Warranty Deed

• Assignment of Beneficial Use Rights (if a right-to-use project)

• Rules and Regulations

• Reservation Procedures

• Subsidy Agreement (re: Club Dues/Annual Assessments on Developer-Owned Inventory)

• Recreational Facilities Lease

• State Registration Public Offering Statement(s)


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