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.
(Cite as: 27A V.S.A. § 1-203)
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§ 1-203. Exception for small projects and limited expense liability planned communities
(a) If a planned community:
(1) contains no more than 24 units and is not subject to any development rights; or
(2) provides in its declaration that the annual average common expense liability of all
units restricted to residential purposes, exclusive of optional user fees and any
insurance premiums paid by the association, may not exceed $300.00 as adjusted pursuant
to section 1-115 of this title, it is subject only to sections 1-105, 1-106, and 1-107 of this title unless the declaration provides that this entire title is applicable.
(b) The exemption provided in subdivision (a)(2) of this section applies only if:
(1) the declarant reasonably believes in good faith that the maximum stated assessment
will be sufficient to pay the expenses of the planned community; and
(2) the declarant provides that the assessment may not be increased above the limitation
in subdivision (a)(2) of this section during the period of declarant’s control without
the consent of all unit owners. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999; amended 2009, No. 155 (Adj. Sess.), § 7, eff. Jan. 1, 2012.)