TITLE 44 PROPERTY

Section 3. Regulation of Specialized Land Transactions, 44-3-1 through 44-3-250.

ARTICLE 5 TIME-SHARE PROJECTS AND PROGRAMS

44-3-166. Contents and recording of project and time-share instruments.

1. Project instruments and time-share instruments creating time-share estates located in the State of Georgia shall be recorded in the superior court of the county in which the project is located and 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, where 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, where 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; and
   7. The ownership interest, if any, in personal property and provisions for care and replacement.
2. For time-share projects located outside the State of Georgia, project instruments therefor shall be recorded as required by the law of the jurisdiction in which such time-share project is located.

(Code 1981, §44-3-166, enacted by Ga. L. 1983, p. 1255, § 1; Ga. L. 1995, p. 1260, § 1.)