Mass. Gen. Laws ch. 183B, sec. 12 — MA Code / Part II / Title I / Chapter 183B / Section 12
Instruments for creation of more than twelve time-shares in single property; recording; contents
Status: in_force

Section 12. (a) Except as provided in subsection (b), more than twelve time-shares may be created in a single time-share property only by a time-share instrument recorded in the registry of deeds or land registration office for the district in which the time-share unit is situated. Said instrument shall contain or provide for the following: (1) a legally sufficient description of the time-share property and the name or other identification of the project, if any, within which it is situated; (2) the name of the registry district or land registration office in which the time-share property is situated; (3) identification of time periods by letter, name, number, or combination thereof; (4) the time-share expense liability and any voting rights assigned to each time-share; (5) if additional units may become part of the time-share property, the method of doing so and the formula for allocation and reallocation of the time-share expense liabilities and any votes; (6) the method of designating the insurance trustee required under section twenty-six; (7) allocation of time for maintenance of the time-share units; (8) provisions for management by a managing entity or by the time-share owners; (9) if all of the time-shares are time-share licenses, the rights of a licensee, if his license is terminated, with respect to any of the property his license affects, or a statement that he has no rights; and (10) any requirements for amendments to the time-share instrument. (b) If a time-share license applies to units in more than one time-share property, the time-share instrument creating the license need not comply with the provisions of clauses (1) to (7), inclusive, of subsection (a).

Section 12. (a) Except as provided in subsection (b), more than twelve time-shares may be created in a single time-share property only by a time-share instrument recorded in the registry of deeds or land registration office for the district in which the time-share unit is situated. Said instrument shall contain or provide for the following:

(1) a legally sufficient description of the time-share property and the name or other identification of the project, if any, within which it is situated;

(2) the name of the registry district or land registration office in which the time-share property is situated;

(3) identification of time periods by letter, name, number, or combination thereof;

(4) the time-share expense liability and any voting rights assigned to each time-share;

(5) if additional units may become part of the time-share property, the method of doing so and the formula for allocation and reallocation of the time-share expense liabilities and any votes;

(6) the method of designating the insurance trustee required under section twenty-six;

(7) allocation of time for maintenance of the time-share units;

(8) provisions for management by a managing entity or by the time-share owners;

(9) if all of the time-shares are time-share licenses, the rights of a licensee, if his license is terminated, with respect to any of the property his license affects, or a statement that he has no rights; and

(10) any requirements for amendments to the time-share instrument.

(b) If a time-share license applies to units in more than one time-share property, the time-share instrument creating the license need not comply with the provisions of clauses (1) to (7), inclusive, of subsection (a).