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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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