{"data":{"id":"us-ri/r.i.-gen.-laws-34-41-3.10","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 34-41-3.10","heading":"Assessments for time-share expenses.","body":"(a) Until time-share expense assessments are made against the time-share owners, the developer shall pay all time-share expenses. After any time-share expense assessment has been made against the time-share owners, time-share expense assessments must be made at least annually, based on a budget adopted at least annually by the managing entity.\n(b) Except for assessments under subsections (c), (d) and (e), all time-share expenses must be assessed against all the time shares in accordance with the allocations set forth in the time-share instrument pursuant to § 34-41-2.03(a). Any past due assessment or installment thereof bears interest at the rate established by the managing entity or time-share instrument not exceeding the highest legal percent per year.\n(c) To the extent required by the time-share instrument any time-share expense benefiting fewer than all of the time-share owners must be assessed exclusively against the time-share owners benefited.\n(d) Assessments to pay a judgment against the association (§ 34-41-3.07) may be made only against the time shares in the time-share property at the time the judgment was entered, in proportion to their time-share expense liabilities.\n(e) If any time-share expense is caused by the misconduct of any time-share owner, the association may assess that expense exclusively against his or her time share.\n(f) If time-share expense liabilities are reallocated, time-share expense assessments and any installment thereof not yet due must be recalculated in accordance with the reallocated time-share expense liabilities.","path":["Title 34 Property","Chapter 41 Rhode Island Real Estate Time-Share Act","Article III Management of the Time-Share Property"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE34/34-41/34-III/34-41-3.10.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:58:53Z","sha256":"1564c19240a4c8dd64705bc29287eefd5db21388464b5700a6b2fb2d111e9da1","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-34-41-3.09","next":"us-ri/r.i.-gen.-laws-34-41-3.11"},"notice":"GroundRules: Original legal text. Not legal advice."}