RCW 64.36.010 — Definitions.
As used in this chapter, the following terms have the meanings indicated unless the context clearly requires otherwise.
- (1) "Advertisement" means any written, printed, audio, or visual communication which is published in whole or part to sell, offer to sell, or solicit an offer for a timeshare.
- (2) "Affiliate of a promoter" means any person who controls, is controlled by, or is under the control of a promoter.
- (3) "Commercial promotional programs" mean packaging or putting together advertising or promotional materials involving promises of gifts, prizes, awards, or other items of value to solicit prospective purchasers to purchase a product or commodity.
- (4) "Director" means the director of licensing.
- (5) "Interval" means that period of time when a timeshare owner is entitled to the possession and use of the timeshare unit.
- (6) "Offer" means any inducement, solicitation, or attempt to encourage any person to acquire a timeshare.
- (7) "Person" means a natural person, corporation, business trust, estate, trust, partnership, association, joint venture, or other legal or commercial entity.
- (8) "Promoter" means any person directly or indirectly instrumental in organizing, wholly or in part, a timeshare offering.
- (9) "Purchaser" means any person, other than a promoter, who by means of a voluntary transfer acquires a legal or equitable interest in a timeshare, other than as security for an obligation.
- (10) "Sale" or "sell" includes every contract of sale of, contract to sell, or disposition of, a timeshare for value.
- (11) "Timeshare" means a right to occupy a unit or any of several units during three or more separate time periods over a period of at least three years, including renewal options, whether or not coupled with an estate in land.
(12) "Timeshare expenses" means expenditures, fees, charges, or liabilities:
- (a) Incurred with respect to the timeshares by or on behalf of all timeshare owners in one timeshare property; and (b) imposed on the timeshare units by the entity governing a project of which the timeshare property is a part, together with any allocations to reserves but excluding purchase money payable for timeshares.
- (13) "Timeshare instrument" means one or more documents, by whatever name denominated, creating or regulating timeshares.
- (14) "Timeshare owner" means a person who is an owner or co-owner of a timeshare. If title to a timeshare is held in trust, "timeshare owner" means the beneficiary of the trust.
- (15) "Timeshare salesperson" means any natural person who offers a timeshare unit for sale.
- (16) "Unit" means the real or personal property, or portion thereof, in which the timeshare exists and which is designated for separate use.
[ 1987 c 370 s 1; 1985 c 358 s 1; 1983 1st ex.s. c 22 s 1.]