§ 1-210. Other exempt real estate arrangements
(a) An arrangement between the associations for two or more common interest communities to share the costs of real estate taxes, insurance premiums, services, maintenance or improvements of real estate, or other activities specified in their arrangement or declarations does not create a separate common interest community.
(b) An arrangement between an association and the owner of real estate that is not part of a common interest community to share the costs of real estate taxes, insurance premiums, services, maintenance or improvements of real estate, or other activities specified in their arrangement does not create a separate common interest community. However, assessments against the units in the common interest community required by the arrangement must be included in the periodic budget for the common interest community, and the arrangement must be disclosed in all public offering statements and resale certificates required by this title. (Added 2009, No. 155 (Adj. Sess.), § 13, eff. Jan. 1, 2012.)
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