§ 2-122. Addition of unspecified real estate
If the right to add unspecified real estate is reserved in the declaration of a planned community, the declarant, in addition to any other development right, may amend the declaration at any time during the time specified in the declaration to add additional real estate to the planned community without describing that real estate in the original declaration; provided, the amount of real estate added to the planned community does not exceed 10 percent of the real estate described in subdivision 2-105(a)(3) of this title and the number of units is not increased beyond the number stated in the original declaration. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999.)
Structure Vermont Statutes
Title 27A - Uniform Common Interest Ownership Act (1994)
Article 2 - Creation, Alteration, and Termination of Common Interest Communities
§ 2-101. Creation of common interest communities
§ 2-103. Construction and validity of declaration and bylaws
§ 2-105. Contents of declaration for a common interest community
§ 2-106. Leasehold common interest communities
§ 2-107. Allocation of allocated interests
§ 2-108. Limited common elements
§ 2-110. Exercise of development rights
§ 2-112. Relocation of boundaries between adjoining units
§ 2-114. Easement for encroachments
§ 2-115. Use for sales purposes
§ 2-117. Amendment of declaration
§ 2-118. Termination of common interest community
§ 2-119. Rights of secured lenders
§ 2-121. Merger or consolidation of common interest communities
§ 2-122. Addition of unspecified real estate