§ 1-209. Small condominiums; exception; access to mixed funding sources
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. (Added 2005, No. 116 (Adj. Sess.), § 5, eff. April 26, 2006; amended 2011, No. 52, § 25, eff. May 27, 2011.)
Structure Vermont Statutes
Title 27A - Uniform Common Interest Ownership Act (1994)
Article 1 - General Provisions
§ 1-104. Variation by agreement
§ 1-105. Separate titles and taxation
§ 1-106. Local ordinances, regulations, and building codes
§ 1-108. General principles of law applicable
§ 1-109. Construction against implicit repeal
§ 1-110. Uniformity of application and construction
§ 1-112. Unconscionable agreement or term of contract
§ 1-114. Remedies to be liberally administered
§ 1-115. Adjustment of dollar amounts
§ 1-116. Relation to Electronic Signatures in Global and National Commerce Act
§ 1-201. New common interest communities
§ 1-203. Exception for small projects and limited expense liability planned communities
§ 1-204. Preexisting common interest communities
§ 1-206. Amendments to governing instruments
§ 1-207. Applicability to nonresidential and mixed-use common interest communities
§ 1-208. Out-of-state common interest communities
§ 1-209. Small condominiums; exception; access to mixed funding sources