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Current as of January 01, 2024 | Updated by Findlaw Staff
Project instruments and time-share instruments creating time-share estates shall contain the following:
(1) The name of the county in which the property is situated;
(2) The legal description, street address, or other description sufficient to identify the property;
(3) Identification of time periods by letter, name, number, or combination thereof;
(4) Identification of time-share estates and when applicable the method whereby additional time-share estates may be created;
(5) The formula, fraction, or percentage of the common expenses and any voting rights assigned to each time-share estate and when applicable, to each unit in a project that is not subject to the time-share program;
(6) Any restrictions on the use, occupancy, alteration, or alienation of time-share intervals;
(7) The ownership interest if any in personal property and provisions for care and replacement; and
(8) Any other matters the developer deems appropriate.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 76. Real Property § 76-1707. Instruments for time-share estates; contents - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-76-real-property/ne-rev-st-sect-76-1707/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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