Property Ownership
In Utah, a time-share ownership interest gives the buyer:
AFull fee simple ownership of the unit
BThe right to use a property for a specific period each year✓ Correct
CThe right to rent the property to others exclusively
DAn ownership interest in the resort management company
Explanation
A time-share gives the buyer the right to use the property (typically a resort unit) for a set period each year. Time-shares are regulated under the Utah Timeshare and Camp Resort Act.
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