557A.5 Status of time-share estates. 1. A time-share estate is an estate in real property and has the character and incidents of an estate in fee simple at common law or an estate for years if a leasehold, except as expresslymodified by this chapter. 2. A document transferring or encumbering a time-share estate shall not be rejected for recordation because of the nature or duration of the estate. 3. For purposes of title, each time-share estate constitutes a separate estate or interest in property except for real property tax purposes. 85 Acts, ch 155, §5Referred to in §557A.3 Sat Dec 23 11:05:06 2023 Iowa Code 2024, Section 557A.5 (16, 0)
Iowa Legal Code