Texas Property Code 221.036 – Developer Preparation and Completion of Documents
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(a) A developer may charge a reasonable fee for completion of a contract form, closing document, or disclosure document required for the sale, exchange, option, lease, or rental of a timeshare interest.
(b) The action of a developer under Subsection (a) does not constitute the unauthorized or illegal practice of law in this state if the contract or document has been:
(1) accepted by the commission for use in the particular type of transaction involved; or
(2) prepared by an attorney licensed to practice law in this state for use in the particular type of transaction involved.
Terms Used In Texas Property Code 221.036
- Commission: means the Texas Real Estate Commission. See Texas Property Code 221.002
- Contract: A legal written agreement that becomes binding when signed.
- Developer: means :
(A) any person, excluding a sales agent, who creates a timeshare plan or is in the business of selling timeshare interests or employs a sales agent to sell timeshare interests; or
(B) any person who succeeds in the developer's interest by sale, lease, assignment, mortgage, or other transfer if the person:
(i) offers at least 12 timeshare interests in a particular timeshare plan; and
(ii) is in the business of selling timeshare interests or employs a sales agent to sell timeshare interests. See Texas Property Code 221.002 - Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Timeshare interest: means a timeshare estate or timeshare use. See Texas Property Code 221.002