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§34-41-2.01  Time Shares In Projects. –


Published: 2015

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TITLE 34

Property

CHAPTER 34-41

Rhode Island Real Estate Time-Share Act

ARTICLE 34-41-2.01

Creation, Termination and Incidents of Time Shares

SECTION 34-41-2.01



   § 34-41-2.01  Time shares in projects.

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(a) If all of the documents constituting the project instrument are recorded

after May 7, 1984, time shares may not be created in any unit in a project

unless expressly permitted by the project instrument. No amendment to a project

instrument which is recorded after May 7, 1984 may permit the creation of time

shares unless the owners of at least eighty percent (80%) of the units, or any

larger majority required by the project instrument or by law, consent to the

amendment.



   (b) A municipality by and through adoption of its zoning

ordinance shall be empowered to designate zones in which time-share ownership

of property is permitted by right or by special exception, provided however

that time share ownership of property shall be permitted in zones where

hotels-motels are permitted by right or by special exception. In the event the

municipality does not adopt an ordinance designating zones in which time share

ownership of property is permitted by right or by special exception, this

section shall not be construed to require a designation of a time share zone

prior to development, nor impose any requirement upon a time share property

which the zoning code of the respective community would not impose upon a

physically identical development under a different form of ownership.



History of Section.

(P.L. 1984, ch. 141, § 2.)