P.R. Laws tit. 31, § 1267b
The developer will inform the managing entity, within thirty (30) days following the date of disposition of an accommodation, timeshare or vacation club right, as the case may be, the name, surname, personal circumstances and address, the date and other particulars of the new owner’s acquisition of the accommodation, timeshare or vacation club right, as the case may be, including copies of the documents evidencing such information, and the managing entity shall hold said documents in trust for the benefit of the owners.
In the case of a sale or other disposition of the accommodation, the timeshare or vacation club right, or of a lease of an accommodation, as the case may be, the owner shall so inform the managing entity, stating the name, surname, personal circumstances and address of the purchaser or other transferee, or lessee, as the case may be. Furthermore, such owner shall require from the purchaser, other transferee, or lessee for a term exceeding thirty (30) days, a statement in the deed of transfer or lease agreement, as the case may be, that he knows and will comply fully with the provisions of this chapter and of the timeshare or vacation club documents.
The owner of an accommodation as less or of the corresponding accommodation shall continue exclusively responsible for the contributions for the common expenses and shall also be responsible for the lessee’s compliance with this chapter and the timeshare or vacation club documents.
History —Dec. 26, 1995, No. 252, § 12-130.