P.R. Laws tit. 31, § 1264b

2019-02-20 00:00:00+00
§ 1264b. Contents of deed of dedication—Transfer of timeshares or vacation club rights

The deed of transfer of each real property right over a timeshare or vacation club right in an individual accommodation shall state, in addition to the particulars described in § 1264(1)(b) of this title with respect to the accommodation which is the object of the timeshare or vacation club right, the share pertaining to said timeshare or vacation club right in the facilities, as well as a full and accurate identification of the timeshare or vacation club right being conveyed, as the same was identified in the deed of dedication. Furthermore, said deed of transfer shall contain a warning, in conspicuous type, stating that the timeshare or vacation club right being transferred (as applicable) pursuant to such deed not subject to the provisions of §§ 1291 et seq. of this title, or of §§ 1295 et seq. of this title, so the transferee thereof shall not be entitled to many of the protective measures afforded by the Horizontal Property Regime or the Condohotel Regime, to purchasers of apartments or units in condominiums or condohotels. If the land on which the structure containing the accommodation which is object of the timeshare or vacation club right to be transferred is held under a recorded lease, surface right or usufruct title, the deed conveying the real property right over the timeshare or vacation club right in question shall so state, specifying the date on which the recorded lease, surface right or usufruct expires.

History —Dec. 26, 1995, No. 252, § 12-115; July 29, 2010, No. 106, § 2.