Vermont Common Interest Ownership Act

Vermont · Uniform Common Interest Ownership Act (1994) · §§ 27A-1-101 to 27A-4-120 · 95 sections

Overview

The Common Interest Ownership Act governs common interest communities — developments such as cooperatives and planned communities in which owners hold individual units alongside elements owned or used in common. It establishes how such a community is created and defined, principally through a recorded declaration and accompanying bylaws, surveys and plans that fix unit boundaries, allocate ownership interests and shares of common expenses and voting power, designate limited common elements, and reserve development rights the declarant may exercise later, together with procedures for altering, relocating, subdividing and conveying units. It also sets the surrounding ground rules: provisions defining which communities and which parts of the act apply, including preexisting, nonresidential, small and out-of-state communities, and baseline protections such as an obligation of good faith, limits on waiving statutory rights by agreement, and review of unconscionable contracts or clauses.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

Vt. Stat. Ann. tit. 27A, § 1-101Short title
Vt. Stat. Ann. tit. 27A, § 1-102[Reserved.]
Vt. Stat. Ann. tit. 27A, § 1-103Definitions
Vt. Stat. Ann. tit. 27A, § 1-104Variation by agreement
Vt. Stat. Ann. tit. 27A, § 1-105Separate titles and taxation
Vt. Stat. Ann. tit. 27A, § 1-106Local ordinances, regulations, and building codes
Vt. Stat. Ann. tit. 27A, § 1-107Eminent domain
Vt. Stat. Ann. tit. 27A, § 1-108General principles of law applicable
Vt. Stat. Ann. tit. 27A, § 1-109Construction against implicit repeal
Vt. Stat. Ann. tit. 27A, § 1-110Uniformity of application and construction
Vt. Stat. Ann. tit. 27A, § 1-111Severability
Vt. Stat. Ann. tit. 27A, § 1-112Unconscionable agreement or term of contract
Vt. Stat. Ann. tit. 27A, § 1-113Good faith
Vt. Stat. Ann. tit. 27A, § 1-114Remedies to be liberally administered
Vt. Stat. Ann. tit. 27A, § 1-115Adjustment of dollar amounts
Vt. Stat. Ann. tit. 27A, § 1-116Relation to Electronic Signatures in Global and National Commerce Act
Vt. Stat. Ann. tit. 27A, § 1-201New common interest communities
Vt. Stat. Ann. tit. 27A, § 1-202[Reserved.]
Vt. Stat. Ann. tit. 27A, § 1-203Exception for small projects and limited expense liability planned communities
Vt. Stat. Ann. tit. 27A, § 1-204Preexisting common interest communities
Vt. Stat. Ann. tit. 27A, § 1-205[Reserved.]
Vt. Stat. Ann. tit. 27A, § 1-206Amendments to governing instruments
Vt. Stat. Ann. tit. 27A, § 1-207Applicability to nonresidential and mixed-use common interest communities
Vt. Stat. Ann. tit. 27A, § 1-208Out-of-state common interest communities
Vt. Stat. Ann. tit. 27A, § 1-209Small condominiums; exception; access to mixed funding sources
Vt. Stat. Ann. tit. 27A, § 1-210Other exempt real estate arrangements
Vt. Stat. Ann. tit. 27A, § 1-211Covenants; cost-sharing agreements
Vt. Stat. Ann. tit. 27A, § 2-101Creation of common interest communities
Vt. Stat. Ann. tit. 27A, § 2-102Unit boundaries
Vt. Stat. Ann. tit. 27A, § 2-103Construction and validity of declaration and bylaws
Vt. Stat. Ann. tit. 27A, § 2-104Description of units
Vt. Stat. Ann. tit. 27A, § 2-105Contents of declaration for a common interest community
Vt. Stat. Ann. tit. 27A, § 2-106Leasehold common interest communities
Vt. Stat. Ann. tit. 27A, § 2-107Allocation of allocated interests
Vt. Stat. Ann. tit. 27A, § 2-108Limited common elements
Vt. Stat. Ann. tit. 27A, § 2-109Plats and plans
Vt. Stat. Ann. tit. 27A, § 2-110Exercise of development rights
Vt. Stat. Ann. tit. 27A, § 2-111Alterations of units
Vt. Stat. Ann. tit. 27A, § 2-112Relocation of boundaries between adjoining units
Vt. Stat. Ann. tit. 27A, § 2-113Subdivision of units
Vt. Stat. Ann. tit. 27A, § 2-114Easement for encroachments
Vt. Stat. Ann. tit. 27A, § 2-115Use for sales purposes
Vt. Stat. Ann. tit. 27A, § 2-116Easement rights
Vt. Stat. Ann. tit. 27A, § 2-117Amendment of declaration
Vt. Stat. Ann. tit. 27A, § 2-118Termination of common interest community
Vt. Stat. Ann. tit. 27A, § 2-119Rights of secured lenders
Vt. Stat. Ann. tit. 27A, § 2-120Master associations
Vt. Stat. Ann. tit. 27A, § 2-121Merger or consolidation of common interest communities
Vt. Stat. Ann. tit. 27A, § 2-122Addition of unspecified real estate
Vt. Stat. Ann. tit. 27A, § 2-123Master planned communities
Vt. Stat. Ann. tit. 27A, § 2-124Termination following catastrophe
Vt. Stat. Ann. tit. 27A, § 3-101Organization of unit owners’ association
Vt. Stat. Ann. tit. 27A, § 3-102Powers of unit owners’ association
Vt. Stat. Ann. tit. 27A, § 3-103Executive board members and officers
Vt. Stat. Ann. tit. 27A, § 3-104Transfer of special declarant rights
Vt. Stat. Ann. tit. 27A, § 3-105Termination of contracts and leases of declarant
Vt. Stat. Ann. tit. 27A, § 3-106Bylaws
Vt. Stat. Ann. tit. 27A, § 3-107Upkeep of common interest community
Vt. Stat. Ann. tit. 27A, § 3-108Meetings
Vt. Stat. Ann. tit. 27A, § 3-109Quorum
Vt. Stat. Ann. tit. 27A, § 3-110Voting; proxies; ballots
Vt. Stat. Ann. tit. 27A, § 3-111Tort and contract liability
Vt. Stat. Ann. tit. 27A, § 3-112Conveyance or encumbrance of common elements
Vt. Stat. Ann. tit. 27A, § 3-113Insurance
Vt. Stat. Ann. tit. 27A, § 3-114Surplus funds
Vt. Stat. Ann. tit. 27A, § 3-115Assessments for common expenses
Vt. Stat. Ann. tit. 27A, § 3-116Lien for sums due association; enforcement
Vt. Stat. Ann. tit. 27A, § 3-117Other liens
Vt. Stat. Ann. tit. 27A, § 3-118Association records
Vt. Stat. Ann. tit. 27A, § 3-119Association as trustee
Vt. Stat. Ann. tit. 27A, § 3-120Rules
Vt. Stat. Ann. tit. 27A, § 3-121Notice to unit owners
Vt. Stat. Ann. tit. 27A, § 3-122Removal of officers and directors
Vt. Stat. Ann. tit. 27A, § 3-123Adoption of budgets; special assessments
Vt. Stat. Ann. tit. 27A, § 3-124Litigation involving declarant
Vt. Stat. Ann. tit. 27A, § 4-101Waiver
Vt. Stat. Ann. tit. 27A, § 4-102Liability for public offering statement requirements
Vt. Stat. Ann. tit. 27A, § 4-103Public offering statement; general provisions
Vt. Stat. Ann. tit. 27A, § 4-104Common interest communities subject to development rights
Vt. Stat. Ann. tit. 27A, § 4-105Time shares
Vt. Stat. Ann. tit. 27A, § 4-106Conversion buildings
Vt. Stat. Ann. tit. 27A, § 4-107Common interest community securities
Vt. Stat. Ann. tit. 27A, § 4-108[Reserved.]
Vt. Stat. Ann. tit. 27A, § 4-109Resales of units
Vt. Stat. Ann. tit. 27A, § 4-110Escrow of deposits
Vt. Stat. Ann. tit. 27A, § 4-111Release of liens
Vt. Stat. Ann. tit. 27A, § 4-112[Reserved.]
Vt. Stat. Ann. tit. 27A, § 4-113Express warranties of quality
Vt. Stat. Ann. tit. 27A, § 4-114Implied warranties of quality
Vt. Stat. Ann. tit. 27A, § 4-115Exclusion or modification of implied warranties of quality
Vt. Stat. Ann. tit. 27A, § 4-116Statute of limitations for warranties
Vt. Stat. Ann. tit. 27A, § 4-117Effect of violations on rights of action
Vt. Stat. Ann. tit. 27A, § 4-118Labeling of promotional material
Vt. Stat. Ann. tit. 27A, § 4-119Declarant’s obligation to complete and restore
Vt. Stat. Ann. tit. 27A, § 4-120Substantial completion of units

Enacted in other states

Colorado, Connecticut

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