44-3-166. Contents and recording of project and time-share instruments.

Project instruments and time-share instruments creating time-share estates located in the State of Georgia shall be recorded in the superior court of the county in which the project is located and shall contain the following:#

1. (1)

   The name of the county in which the property is situated;#

2. (2)

   The legal description, street address, or other description sufficient to identify the property;#

3. (3)

   Identification of time periods by letter, name, number, or combination thereof;#

4. (4)

   Identification of time-share estates and, where applicable, the method whereby additional time-share estates may be created;#

5. (5)

   The formula, fraction, or percentage of the common expenses and any voting rights assigned to each time-share estate and, where applicable, to each unit in a project that is not subject to the time-share program;#

6. (6)

   Any restrictions on the use, occupancy, alteration, or alienation of time-share intervals; and#

7. (7)

   The ownership interest, if any, in personal property and provisions for care and replacement.#

For time-share projects located outside the State of Georgia, project instruments therefor shall be recorded as required by the law of the jurisdiction in which such time-share project is located.#