Vermont § 1-203 - Exception for small projects and limited expense liability planned communities
Full text of Vermont Vermont Statutes Online § 1-203 — Exception for small projects and limited expense liability planned communities, with citation guidance and answers to common questions.
§ 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.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 1-203
What does Vermont Statutes Online § 1-203 cover?
Section 1-203 ("Exception for small projects and limited expense liability planned communities") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 1-203?
A common citation format is "Vermont Statutes Online § 1-203" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 1-203 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.