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10 Wm. Mitchell L. Rev. 115 (1984)
Regulating Timeshare Interest in Minnesota: A Comprehensive Solution

handle is hein.journals/wmitch10 and id is 125 raw text is: REGULATING TIMESHARE INTERESTS IN MINNESOTA: A
COMPREHENSIVE SOLUTION
1.  INTRODUCTION    ...........................................  115
A .  F ocus  .................................................  115
B.  H  'stog   ...............................................  118
C   Funct'ons of Timeshare Ownership ........................  119
D. The Concept of Timeshare Ownership .....................   121
1  Interval and Time Span Estates .......................  122
a.  Interval Approach  ...............................  122
b.  Time Span  Approach  .............................  123
c. Comparison of Approaches .........................  124
2.  Fee  Simple  Estate ...................................  125
II. TIMESHARING'S PERPLEXITIES ............................       126
A. Securities ........................................        127
B   Restrictions on Conversion to Timesharing ..................  131
C   M arketing  and  Sales  ....................................  132
D .  Financing  .............................................  133
.  Construction  Loans  ..................................  134
a.  Phase In  M ethod  ................................  135
b.  Release  M ethod  .................................  135
2.  End  Loans  .........................................  136
E.   Title  Insurance  .........................................  138
F   M anagement  ..........................................   139
G.  Tax  Aspects  ...........................................  140
.  Real Estate  Taxation  ................................  141
2.  Tax  Advantages  ....................................  142
3.  Federal  Tax  Liens  ...................................  144
III. SOLUTION -    COMPREHENSIVE LEGISLATION ..............        146
A.  Regulations  ............................................  147
B   Enablin,  Legislation  ....................................  149
C   Comprehensive Legislation-The Model Real Estate Time-
Share  A ct  .............................................  150
IV .  CONCLUSION   ..............................................  154
I. INTRODUCTION
A. Focus
Timesharing has spread from the sandy beaches of this country's
coastal resorts to the shores of Minnesota's 10,000 lakes., Real estate
timesharing is the division of a single condominium unit into fractional-
1. See Rosenblatt, Timesharing: Representing Minnesota Developers and Buyers, 51 HENN.

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