Trustee Deed for Aruba Surf Club
Post reply
Original Message:
Initial RTU term still apparently unknown... (by KC):
tadg3 wrote:...what the term limit is on the rtu certificate. My research has led me to believe it is around 40 more years...
Unlikely, at least in my experience....
Most such RTU's time periods are 40 years IN TOTAL. If so in this instance, the question is when the original purchase was made, an act which likely commenced that 40 year RTU time period. The time which has elapsed since then would then be SUBTRACTED from the 40 year total.