Timeshare owners need a recorded deed to change owners of a timeshare located in Las Vegas, Nevada. Deed and Record prepares and records deeds to update the owners of Las Vegas Timeshares. Timeshare owner changes owners is needed because of marriage, divorce, for an outright gift and to add or remove a co-owner.
An update of owners is by deed. A deed is a piece of paper that has the owner’s signature stating the current owner’s intent to transfer the timeshare to another person.
The process
- We prepare the deed and email to client for signature.
- Client signs the deed. The deed must be acknowledged by a notary.
- Client returns the signed deed, either by mail or email in PDF
- We e-record the deed.
- We forward the recorded deed to client
- Client forwards the recorded deed to the timeshare resort to update its records.
When you need change in owners
When only one spouse owns the timeshare. The resort may require the other spouse to be on title to make reservations or to access the timeshare. The non-owning spouse wants to be added for the survivor to continue to use the timeshare.
When one spouse is awarded the timeshare in a divorce. Until the non-owning spouse is removed by deed as owner, both spouses have access and both spouses are responsible for the maintenance fees.
When you create a trust. Trusts do not avoid probate if the timeshare is not owned by the trust. A deed from the Settlor to the Trustee of the trust properly funds the trust. For this deed the Settlor and Trustee are the same person.
Whencurrent owner wants to add or remove a co-owner of a timeshare.
How Nevada’s recording system works
Nevada tracks real property by county. Real property documents are maintained by the recorder’s office in each county. Nevada requires a “declaration of value” to accompany the deed. The declaration of value determines the amount of transfer tax payable to the county. Las Vegas is located in Clark County.
All timeshare deeds for resorts located in Las Vegas are recorded with Clark County. The Clark County recorder’s office will only change its owner database upon the receipt of a properly prepared deed.
Conclusion
Change in owners of a Las Vegas timeshare occur because of marriage, divorce, outright gifts and to add or remove a co-owner. A recorded deed is required to change owners of a timeshare. The recorded deed must be forwarded to the Las Vegas timeshare company to update their records.