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. § 4-111)
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§ 4-111. Release of liens
(a) In the case of a sale of a unit where delivery of a public offering statement is required
pursuant to subsection 4-102(c) of this title, before conveying a unit, a seller shall:
(1) record or furnish to the purchaser releases of all liens, except liens on real estate
that a declarant has the right to withdraw from the common interest community, that
the purchaser does not expressly agree to take subject to or assume and that encumber:
(A) in a condominium, that unit and its common element interest; and
(B) in a planned community, that unit and any limited common elements assigned to it;
or
(2) provide a surety bond or substitute collateral for or insurance against the lien.
(b) Before conveying real estate to the association, the declarant shall have that real
estate released from:
(1) all liens the foreclosure of which would deprive unit owners of any right of access
to or easement of support of their units; and
(2) all other liens on that real estate unless the public offering statement describes
certain real estate that may be conveyed subject to liens in specified amounts. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999.)