The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
CONDOMINIUM OWNERSHIP
(Cite as: 27 V.S.A. § 1314)
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§ 1314. Blanket mortgages and other blanket liens affecting an apartment or site at time of
first conveyance
At the time of the first conveyance of each apartment or site, every mortgage and
other lien affecting the apartment or site, including the percentage of undivided
interest of the apartment or site in the common areas and facilities, shall be paid
and satisfied of record, or the apartment or site being conveyed and its percentage
of undivided interest in the common areas and facilities shall be released therefrom
by partial release duly recorded. (Added 1967, No. 228 (Adj. Sess.), § 14, eff. Jan. 23, 1968; amended 1993, No. 97, § 2.)