Iowa Code (Last Updated: December 05, 2016)

Section 557A.5. Status of time-share estates.

Latest version.

  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 expressly modified 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, §5

                    
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