Vermont § 1360 - Stabilization of lot rent

§ 1360. Stabilization of lot rent

• (a) As soon as a declarant gives notice of intent to convert as provided by section 1353
  of this subchapter, the lot rents of all leaseholders in the park shall be reduced
  to the level in effect three months prior to the notice of intent to convert. (b) The lot rent charged for sites occupied by leaseholders shall not be increased during
  the period beginning with the notice of intent to convert as provided by section 1353
  of this subchapter and ending either when the condominium association takes control
  of the common areas of the park, or at the expiration of the conversion period as
  provided by section 1356 of this subchapter, whichever is later. (c) Following the period designated in subsection (b) of this section, the annual lot
  rent charged for sites occupied by nonpurchasing leaseholders may be increased by
  no more than an amount that is equal to the amount of any annual increase in the fees
  charged by the condominium association to its members. In no event may the lot rent
  charged to nonpurchasing leaseholders be increased more frequently than as provided
  for in 10 V.S.A. § 6236. (Added 1993, No. 97, § 1.)