Small condominiums; exception; access to mixed funding sources
Known as the Vermont Common Interest Ownership Act
The act spans §§ 27A-1-101 to 27A-4-120 (95 sections).
Added 2005, No. 116 (Adj
Subsection 2-101(b), subdivisions 2-109(b)(2) and (11), subsection 2-109(g), section 2-115, and Article 4 of this title shall not apply to a condominium if the declaration:
(1) creates fewer than 10 units; and
(2) restricts ownership of a unit to entities that are controlled by, affiliated with, or managed by the declarant.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.