For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates, or requires, a different meaning.
TIMESHARE. A form of residential real estate ownership in which separate housing unit ownership is represented as shares in a corporation, a partnership interest, or any other individually-owned transferable property right or interest, and which grants housing unit ownership, use, and occupancy rights to each owner for an annually-recurring part, or parts, of a calendar year only as specified in a condominium declaration or other ownership document.
TIMESHARE BUILDING. A residential building which is wholly devoted to timeshare housing units. Because of the unique operational characteristics, individual transient usage resembling a resort hotel operation and impact on a normal, residential environment, a TIMESHARE BUILDING is classified as a separate use category.
(Prior Code, § 74.02) (Ord. 2-92, passed - -1992)
§ 157.971 USE REGULATIONS.
No ownership interest in a dwelling unit, dwelling apartment, or condominium project shall be conveyed or transferred by deed or contract for a specified annually-recurring period, or periods, of time unless such unit, dwelling, or project is located in a zone which allows timeshare buildings as a permitted or conditional use.
No unit in a dwelling, apartment, or condominium building shall be established as, or converted, to a timeshare unless all of the units in the building are likewise established or converted at the same time.
For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates, or requires, a different meaning.
TIMESHARE. A form of residential real estate ownership in which separate housing unit ownership is represented as shares in a corporation, a partnership interest, or any other individually-owned transferable property right or interest, and which grants housing unit ownership, use, and occupancy rights to each owner for an annually-recurring part, or parts, of a calendar year only as specified in a condominium declaration or other ownership document.
TIMESHARE BUILDING. A residential building which is wholly devoted to timeshare housing units. Because of the unique operational characteristics, individual transient usage resembling a resort hotel operation and impact on a normal, residential environment, a TIMESHARE BUILDING is classified as a separate use category.
(Prior Code, § 74.02) (Ord. 2-92, passed - -1992)
§ 157.971 USE REGULATIONS.
No ownership interest in a dwelling unit, dwelling apartment, or condominium project shall be conveyed or transferred by deed or contract for a specified annually-recurring period, or periods, of time unless such unit, dwelling, or project is located in a zone which allows timeshare buildings as a permitted or conditional use.
No unit in a dwelling, apartment, or condominium building shall be established as, or converted, to a timeshare unless all of the units in the building are likewise established or converted at the same time.