Change of Ownership Policy

trust-administration-trustee-successor

After seeking legal counsel, the Tanglwood Resorts Master Association has adopted a formal Change of Ownership Policy.

As such, the following policies are necessary to allow the resort (1) to do appropriate background searches to identify the potential involvement of a Relief Company – one which assumes ownership of an interval without a good faith intent to also assume and satisfy all of the assessment and ownership obligations associated with the transferred interval – and (2) to recover the cost of such searches, and (3) to stop these transfers before they are finalized for the purpose of protecting the interests of all owners and the financial security of the resort.

TAN Transfer Rules Adopted 2016.pdf