Without transfer between spouses or the removal of one spouse, both spouses can use the timeshare and both remain liable for the maintenance fees.
HUNTINGTON BEACH, Calif. (PRWEB) October 18, 2018
This Tip Sheet by Deed and Record explains how to change ownership between marital parties due to a divorce settlement for timeshares located in California, Florida, Hawaii and Nevada. Without transfer between spouses or the removal of one spouse, both spouses can use the timeshare and both remain liable for the maintenance fees.
Timeshares are fractional real property interest. Each state is responsible for maintaining records of who owns each real property interest. Florida delegates its responsibility to the courthouse located in each County. California and Nevada delegate their responsibility to an independent government entity, the recorder, that is created in each County. Hawaii delegates it responsibility to the Bureau of Conveyances that maintains records for the entire state.
These states are notified of a transfer between spouses or the removal of one spouse by a document known as a deed. The deed is signed by the spouse who is removed as co-owner. California, Hawaii and Nevada require the owner’s signature on the deed acknowledged by a notary. Florida in addition to the acknowledgement, requires the owner’s signature witnessed by two individuals. After the deed is prepared and the signature acknowledged the deed is recorded with the state.
A copy of the recorded deed must be provided to the timeshare company to update their records of ownership. Timeshare companies may have additional documentation requirements, depending on the company. These companies also require a fee to update those records.
This Tip Sheet explains how to remove a spouse as owner of a timeshare due to a divorce settlement. Ownership change is by deed, signed by the spouse to be removed as co-owner. States covered in this Tip Sheet are California, Florida, Hawaii and Nevada.
This press release is provided by Mark W. Bidwell, an attorney in California. Office is at 4952 Warner Avenue, Suite 235, Huntington Beach, California 92649. Phone number is 714-846-2888. Mr. Bidwell markets through a website DeedandRecord.com.