Title 34, Title 34 Title 34

(a) This Article applies to all time shares subject to this chapter except as provided in subsection (b). (b) Neither a public offering statement nor the materials required by § 34-41-4.07 (Resale of Time Shares) need be prepared or delivered in the case of: (1) A gratuitous disp…

(a) Except as provided in subsection (b), a developer, prior to the offering of any interest in a unit to the public, shall prepare a public offering statement conforming to the requirements of §§ 34-41-4.03, 34-41-4.04 and 34-41-4.05. (b) A developer may transfer responsibility …

(a) A public offering statement must contain or fully and accurately disclose: (1) The name and principal address of the developer and the location of the time-share property; (2) A general description of the time-share property and the time-share units, including without limitat…

(a) If a conversion building that includes or is to include one or more time-share units is more than ten (10) years old and the developer or any affiliates of the developer own or control more than fifty percent (50%) of all units in the project, the public offering statement mu…

If a time-share is currently registered with the securities and exchange commission of the United States, a developer satisfies all requirements relating to the preparation of a public offering statement of this chapter if he or she delivers to the purchaser (and files with the a…

(a) A purchaser has the right to cancel the contract until midnight of the fifth (5th) business day (specifically excluding therefrom Saturdays, Sundays and legal holidays) following whichever of the following days occurs later: (i) The execution date; or (ii) The day on which th…

(a) Except in the case of a sale where delivery of a public offering statement is required, or unless exempt under § 34-41-4.01(b), a seller of a time share shall furnish to the purchaser before execution of any contract for the sale, or otherwise before the transfer of title, a …

Any deposit made in connection with the purchase or reservation in this state of a time share from a person required to deliver a public offering statement pursuant to § 34-41-4.02(c) must be placed in escrow, either in this state or in the state where the time-share project is l…

(a) In the case of a sale of a time share where delivery of a public offering statement is required pursuant to § 34-41-4.02(c), a seller shall, before transferring a time share, record or furnish to the purchaser releases of all liens affecting that time share which the purchase…

(a) A developer of a time-share property which includes all or any part of a conversion building, and any person in the business of selling real estate for his or her own account who intends to offer time shares in such a property, shall give each of the residential tenants and a…

(a) Express warranties made by any seller to a purchaser of a time share, if relied upon by the purchaser, are created as follows: (1) Any affirmation of fact or promise which relates to the time share, the time-share unit, rights appurtenant to either, area improvements that wou…

(a) A developer and any person in the business of selling real estate for his or her own account warrants that a time-share unit will be in at least as good condition at the earlier of the time of the transfer or of the delivery of possession as it was at the time of contracting,…

(a) Except as limited by subsection (b) with respect to a purchaser of a time share in a time-share unit that may be used as a dwelling or for recreational purposes, implied warranties of quality: (1) May be excluded or modified by agreement of the parties; and (2) Are excluded b…

(a) A judicial proceeding for breach of any obligation arising under § 34-41-4.11 or 34-41-4.12 must be commenced within ten (10) years after the cause of action accrues, but the parties may agree to reduce the period of limitation to not less than five (5) years. With respect to…

If a developer or any other person subject to this chapter fails to comply with any provision of this chapter or of the time-share instrument, any person or class of persons adversely affected by the failure to comply has a claim for appropriate relief.

If any improvement in the time-share property is not required to be built, no promotional material may be displayed or delivered to prospective purchasers which describes or portrays that improvement unless the description or portrayal of the improvement is conspicuously labeled …

The developer shall complete all promised improvements described in the time-share instrument and promotional materials.

In the case of a sale of a time share interest unit where delivery of a public offering statement is required, a contract of sale may be executed, but no interest in that unit may be conveyed or finally transferred until the unit is substantially completed, as evidenced by a reco…

As used in this chapter, “agency” means the Rhode Island department of business regulation.

A developer may not offer or transfer a time share unless the time share is registered with the agency, but an offering by a developer of time shares in no more than one time-share unit at any one time is exempted from the requirement of this section and § 34-41-5.03(b).

(a) For the purposes of this section, “substantially completed” means that all structural components and mechanical systems of all buildings constituting or containing any time-share units or portions thereof are finished in accordance with the plans, as evidenced by a recorded c…

The agency shall acknowledge receipt of an application for registration within five (5) business days after receiving it. The registration shall be made available to the general public for inspection thereafter.

(a) A developer within thirty (30) days after the anniversary date of the order of registration, annually shall file a report to bring up to date the material contained in the application for registration and the public offering statement. This provision does not relieve the deve…

(a) The agency at any time may require a developer to alter or supplement the form or substance of a public offering statement to assure adequate and accurate disclosure to prospective purchasers. (b) The public offering statement may not be used for any promotional purpose befor…

Any person, partnership, or corporation who violates any of the provisions of this chapter, or who fails to comply with any of the provisions of this chapter, shall be subject to civil liability by any person or class of persons who have been adversely affected by the failure of …

This chapter shall be known as the “Rhode Island Self-Service Storage Facility Act”.

As used in this chapter, the following words shall have the following meanings unless the context clearly indicates otherwise: (1) “Abandoned lease space” means a leased space that the owner finds unlocked and empty, or a leased space in which possession and all rights to any per…

(a) The owner of a self-service storage facility and his or her heirs, executors, administrators, successors, and assigns shall have a lien on all personal property located at a self-service storage facility for rent, labor, insurance, or other valid charges, present or future, i…

(a) After default, an owner may deny an occupant access to the storage space, terminate the right of the occupant to use the storage space, enter the storage space and remove any personal property found therein to a place of safekeeping, and enforce its lien by selling the stored…

Nothing in this chapter shall be construed to impair or affect the right of the parties to create additional rights, duties, and obligations in and by virtue of the rental agreement. The rights provided by this chapter shall be in addition to all other rights allowed by law to a …

All rental agreements entered into before June 28, 1985, and not extended or renewed after that date, and the rights, duties, and interests flowing from them shall remain valid and may be enforced or terminated in accordance with their terms or as permitted by any other provision…

If any provision of this chapter or the application thereof to any person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of the chapter, which can be given effect without the invalid provision or application, and to this end the…

(a) The owner of a self-service storage facility shall require each occupant to specifically identify, in writing, the amount, nature and composition of any flammable or hazardous material to be stored on the premises. The occupant shall notify the owner, in writing, within twent…

(a) The rental agreement shall contain a conspicuous statement in bold type notifying the occupant of the following: (1) That the property stored in the leased space is not insured by the owner against loss, theft or damage. (2) The existence of the lien under this chapter. (3) T…

(a) Every landlord or lessor of residential or commercial property in the city of Providence shall file a written declaration in the office of the tax assessor of the city of Providence setting forth information regarding the insurance company insuring the property against loss o…

This chapter shall be known and may be cited as the “Abandoned Property Act”.

(a) On or before April 2, 2025, each town and city shall publish a list of all properties located in each respective town or city which, based on inspection and records, may qualify as abandoned property under this chapter. After April 2, 2025, the list shall be published and upd…

The creation of any mortgage lien under this chapter prior to or superior to any mortgage of record at the time the mortgage lien was created shall not disqualify a prior recorded mortgage as a legal investment under chapter 9 of title 19.

A receiver appointed under this section is entitled to receive fees and commissions in the same manner and to the same extent as receivers appointed in other court proceedings.

(a) If a receiver appointed pursuant to § 34-44-4 files with the judge in the civil action described in § 34-44-4 a report indicating that the public nuisance has been abated, and if the judge confirms that the receiver has abated the public nuisance, and if the receiver or any i…

As used in this chapter: (1) “Abandon” or “abandonment” means a situation where the owner of a building has intended to abandon the building and has manifested the intent with some act or failure to act. In determining whether an owner has abandoned his or her building, a court s…

(a) In any proceeding: (1) Brought under chapter 27.3 of title 23 entitled the Rhode Island state building code, and any violation of the provisions of those regulations promulgated by the state building code standards committee entitled SBC-1 Rhode Island state building code, SB…

(a) In any proceeding described in § 34-44-3, after the court makes the finding described in that section and additionally finds that the building in question constitutes a public nuisance and that the owner of the building has been afforded reasonable opportunity to begin correc…

Prior to ordering any work or the furnishing of any materials to abate a public nuisance under this chapter, the court shall review the submitted financial and construction plan and shall make all of the following findings: (1) The estimated cost of the labor, materials, and any …

Upon the written request of all of the interested parties to have the building, or portions of the building, demolished, because repair and rehabilitation of the building are found not to be feasible, the court may order the demolition. However, no demolition shall be ordered unl…

Before proceeding with his or her duties, any receiver appointed by the court shall post a bond in an amount designated by the court, but not exceeding the value of the building involved at the time of the appointment of the receiver as determined by the judge. The court may empo…