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Confusion over who owns Minnesota timeshare units

  
  
  
  
  
When there is a building that was set up as a condominium for 24 units and then due to the economy 18 were sold as timeshares with simple title fee. Who actually owns these timeshare units; the timeshare or the unit owners. State of Minnesota.

Comments

Review your state condominium act. I think you may find that it is illegal to convert to time sharing
Posted @ Saturday, February 26, 2011 9:48 AM by Scott
This was done last time the economy was in trouble in 1980, there is an amendment and I have contacted the state and they aren't sure of the answer. Does there timeshare association actually own them or do the unit owners that get a fee simple deed is what are trying to figure out. Even attornies are at odds.
Posted @ Saturday, February 26, 2011 12:03 PM by Mary
We have a 130 condo complex in Pasadena CA. When we meet between monthly meetings do we have to post these meetings to the home owners. They are invited once a month and this complex is too large to not get together midway in the month to keep up with so many tasks and concerns
Posted @ Saturday, February 26, 2011 2:50 PM by Ann Altmark
The minutes of your board meetings are an important document. It is the record of what business of the association was conducted at that meeting and as such can become critical years later in a legal proceeding as proof positive about the particular recorded business. That being the case the board has a m,andatory requirement to make such minutes of every meeting available to all unit owners and residents. 
 
Yiou make reference to your monthly meetings, Do your bylaws dictate that you have a meeting each month??
Posted @ Saturday, February 26, 2011 3:14 PM by Scott
In response to the original question from Minnesota, a timeshare owner in the US typically has a deed for 1/52 of a timeshare unit. The common areas may be owned by the HOA or the developer. If timeshare owners are delinquent in their dues, the HOA can foreclose on them in most situations.
Posted @ Friday, April 08, 2011 7:07 PM by Sarah
If you conduct condominium business at these mid month meetings you must keep the minutes and residents have a right to attend an paerticipate. Haev you thouight of having "working sessions"? At these kind of meetings the Board members and management dioscuss itgems but do note vote or take any action on the subjects of these discussions. Equally attendees cannot participate in these discussions. The are intended to prepare the board to consider these items at the next regularly scheduled meeting where they would be better prepared to conduct the appropriate business.
Posted @ Friday, April 08, 2011 7:53 PM by Scott
This is more of a question than a comment. Does anybody know if unit owners who are not lawyers have ever successfully sued their boards. In MN lawyers on both sides spend a great deal of time "chatting" in order to run up the bills and we have had to pay for their learning curves. Nu?
Posted @ Tuesday, May 31, 2011 9:27 AM by Gary Gordon
In Montgomery County, Maryland we have as part of our county government an office of consumer protection. Our lawyers hate it because it axts as an arbitrator of complaints by condo and HOA owners against their boards of directorws. The small staff of this office are well versed in their specialty and only once has thweir suggestion not been accepted by both parties in a dispute. There is no enforcement authority yet their word seems to be the law. I've won two complaints against my board with oner of them resulting in the building manager ghetting fired.
Posted @ Tuesday, May 31, 2011 6:35 PM by Charles Adler
I just found the comments from my post of last January. Thanks to all for your information. We have no Office of Ombudman or Comsumer Complaints to help. Our lawsuit against the developers was settled for less than attorney fees and we found out later the attorney who filed it also represents out bank appointed manager who wants to buy the place and turn it into part of his chain of fractional resorts. Our bylaws say that timeshare are OK and nightly or weekly rentals permitted but they also say all the units are for residential use only. We would like to know what kind of help we can get from what city offcials as talked about in one of the comments. 
 
 
 
The end of declarant control (3 years after the first sale) should be this July 28th. We fear the bank will never really let us get control. The bank controlled board has failed to run the association in the best interests of owners but eveyone is so burned from the first bad laywer experience they do not want to spend any more money on lawyers for anything. 
 
Posted @ Tuesday, June 14, 2011 7:44 PM by Judy Gordon
Have you considred filing a cpmp[;aint about the apparent conflict of interest on part of the attorney with the local bar association??You mkight be able to get back money you could use to offset the losses entained in paying for your suit.
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