Learn More
Log In
Sign Up
Mass. Gen. Laws ch. 183B – Real Estate Time–Shares | Midpage
Collections
Massachusetts General Laws
Part II
Title I
Chapter 183B
Mass. Gen. Laws ch. 183B
Real Estate Time–Shares
1
Citation
2
Definitions
3
Estates in fee simple; estates for years; separate estates; taxes and assessments; recording documents
4
Agreements varying chapter prohibited; waiver of rights
5
Unconscionable contracts
6
Good faith obligation
7
Remedies; liberal administration; damages; judicial enforcement
8
Laws supplementary to chapter
9
Conflicts with other laws
10
Implied repeals by subsequent legislation
11
Project instruments; creation of time-shares; amendments
12
Instruments for creation of more than twelve time-shares in single property; recording; contents
13
Instruments; allocation of votes and expense liabilities; alteration
14
Partition of units
15
Termination of time-share plans; termination agreement and procedures
16
Sales or management offices; models; signs
17
Instruments; approval of actions of owners, developer, or managing entity
18
Deeds; notice of lease or license; recording; contents
19
Managing entity
20
Powers of association
21
Powers and duties of developer
22
Special developer right
23
Contracts or leases between developer and managing entity; termination by association or owners
24
Duties of managing entity; access to units; alteration of unit by owner
25
Liability of owners; actions involving owners, developers, or associations; tolling of limitations; judgments against associations
26
Insurance
27
Surplus funds
28
Expenses; assessments; late charges; interest; reserve funds
29
Liens for assessments levied or fines imposed
29A
Forfeiture of rights of time-share owner for breach of condition of any mortgage; proceedings
29B
Forfeiture of rights of time-share owner for non-payment of assessments; proceedings
30
Financial records
31
Third persons dealing with trustee
32
Definitions; list of addresses of owners; ballots; communication expenses; vote allocation; notice; recording amendments
33
Amendment of project instruments or unrecorded documents; approval of expenditures; procedure
34
Referendum to amend project instrument or other matters
35
Discharge of manager
36
Dispositions or offerings for which public offering statement or other materials not required
37
Public offering statements; responsibility for preparation; liability for misleading statement; multi-location plans
38
Public offering statements; furnishing to purchaser; contents
39
Public offering statements; conversion buildings; contents
39A
Conformity of units to regulations
40
Public offering statements; time-share registered with securities exchange commission
41
Providing prospective purchaser with public offering statement and resale disclosures; cancellation of contract; damages
42
Copy of instrument and certificate; delivery to purchaser; limitation on expense liability
42A
Resale service providers; disclosure obligations
43
Deposits placed in escrow; holding instrument of payment
44
Release of liens; surety bond; service of process for foreclosure of lien
45
Express warranties
46
Implied warranties of developer or person in business of selling real estate for own account
47
Implied warranties of quality; exclusions or modifications
48
Limitation of actions for breach of warranties
49
Failure to comply with chapter
50
Improvements not required to be built
51
Completion of promised improvements; responsibility for recording deed or notice
52
Advertisements including prize offer
53
Exchange programs; information; promotional literature; liability
54
Multi-location developers; information for purchasers; violations
55
Project brokers
56
Transfer of interest; time-share services agreements; transfer services; penalties; prohibitions