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Arkansas Code Title 18. Property § 18-14-104. Legal status of time-share estates

Current as of March 28, 2024 | Updated by Findlaw Staff

(a)(1) A time-share estate is an estate in real property and has the character and incidents of an estate in fee simple at common law, including an estate for years with a remainder over in fee simple or an estate for years with no remainder if a leasehold.

(2) This section supersedes any contrary rule at common law.

(b) A document transferring or encumbering a time-share estate in real property shall not be rejected for recordation because of the nature or duration of that estate or interest.

(c) For purposes of title, a time-share estate constitutes a separate estate or interest in property, except for real property tax purposes.

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Cite this article: FindLaw.com - Arkansas Code Title 18. Property § 18-14-104. Legal status of time-share estates - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-18-property/ar-code-sect-18-14-104/

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