Texas Property Code 221.013 – Common Ownership
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(a) Any timeshare interest may be jointly or commonly owned by more than one person.
(b) A timeshare estate may be jointly or commonly owned in the same manner as any other real property interest in this state.
Terms Used In Texas Property Code 221.013
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Timeshare estate: means an arrangement under which the purchaser receives a right to occupy a timeshare property and an estate interest in the real property. See Texas Property Code 221.002
- Timeshare interest: means a timeshare estate or timeshare use. See Texas Property Code 221.002