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. § 1-210)
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§ 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.)