For purposes of this Chapter, the following words and phrases have the meaning respectively ascribed to them by this Section:
"Accommodation"means any dwelling unit, apartment, condominium, condominium hotel or hotel unit, hotel or motel room, or other structure constructed for residential use and occupancy, including, but not limited to, a single-family dwelling, or unit within a multifamily dwelling, all as defined in Chapter
21.08.
"Managing entity"means the person who undertakes the duties, responsibilities and obligations of the management of a time-share plan.
"Person"means a natural person, corporation, limited liability company, partnership, joint venture, association, estate, trust, or other legal entity, or any combination thereof.
"Time-share instrument"means one or more documents, by whatever name denominated, creating or governing the operation of a time-share plan and includes the declaration dedicating accommodations to the time-share plan.
"Time-share interest"means the right to exclusively occupy a time-share property for a period of time on a recurring basis pursuant to a time-share plan, regardless of whether or not such right is coupled with a property interest in the time-share property or a specified portion thereof.
"Time-share plan"means any arrangement, plan, scheme, or similar device, whether by membership agreement, bylaws, shareholder agreement, partnership agreement, sale, lease, deed, license, right to use agreement, or by any other means, whereby a purchaser, in exchange for consideration, receives the right to exclusive use of an accommodation or accommodations, whether through the granting of ownership rights, possessory rights or otherwise, for a period of time less than a full year during any given year, on a recurring basis for more than one year, but not necessarily for consecutive years.
"Time-share property"means one or more accommodations subject to the same time-share plan, together with any other property or rights to property appurtenant to those accommodations.
"Time-share use"means the use of one or more accommodations or any part thereof, as a time-share property pursuant to a time-share plan.