{"data":{"id":"us-ut/utah-code-57-29-102","jurisdiction":"us-ut","citation":"Utah Code § 57-29-102","heading":"Definitions.","body":"As used in this chapter:\n(1) \"Commission\" means the Real Estate Commission created in Section 61-2f-103.\n(2) \"Director\" means the director of the Division of Real Estate.\n(3) \"Division\" means the Division of Real Estate created in Section 61-2-201.\n(4) \"Management agreement\" means an agreement between a person and each owner of an undivided fractionalized long-term estate in a piece of real property under which the person agrees to manage the leasing or operations of the real property.\n(5) \"Master lease\" means an agreement under which a person is granted a leasehold interest in real property and may sublease all or a portion of the real property to one or more persons.\n(6) \"Master lease tenant\" means the lessee in a master lease.\n(7) \"Sponsor\" means a person who is the original seller of an undivided fractionalized long-term estate.\n(8)\n(a) \"Undivided fractionalized long-term estate\" means an ownership interest in real property by two or more persons that is:\n(i) a tenancy in common; or\n(ii) a fee estate.\n(b) \"Undivided fractionalized long-term estate\" does not include a joint tenancy.","path":["Title 57 Real Estate","Chapter 57-29 Undivided Fractionalized Long-term Estate Sales Practices Act","Part 57-29-1 General Provisions"],"source_url":"https://le.utah.gov/xcode/Title57/Chapter29/57-29-S102.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"c02f17b0f2f8f5ec48b240f661a825342bca9ee34bcfc57ba5fa364c1780c0cc","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-57-29-101","next":"us-ut/utah-code-57-29-103"},"notice":"GroundRules: Original legal text. Not legal advice."}