Vermont § 3-105 - Termination of contracts and leases of declarant
Full text of Vermont Vermont Statutes Online § 3-105 — Termination of contracts and leases of declarant, with citation guidance and answers to common questions.
§ 3-105. Termination of contracts and leases of declarant
- (a) Within two years after the executive board elected by the unit owners pursuant to
subsection 3-103(f) of this title takes office, the association may terminate without penalty, upon at least 90 days’
notice to the other party, any of the following if entered into before the executive
board was elected: (1) any management, maintenance, operations, or employment contract, or lease of recreational
or parking areas or facilities; or (2) any other contract or lease between the association and a declarant or an affiliate
of a declarant. (b) At any time after the executive board elected by the unit owners pursuant to subsection 3-103(f) of this title takes office, the association may terminate without penalty, upon at least 90 days’
notice to the other party, any contract or lease that is not bona fide or was unconscionable
to the unit owners at the time the contract was entered into. (c) This section does not apply to a lease that if terminated would terminate the common
interest community or reduce its size, unless the real estate subject to that lease
was included in the common interest community for the purpose of avoiding the right
of the association to terminate a lease under this section. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999; amended 2009, No. 155 (Adj. Sess.), § 27, eff. Jan. 1, 2012.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 3-105
What does Vermont Statutes Online § 3-105 cover?
Section 3-105 ("Termination of contracts and leases of declarant") 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 § 3-105?
A common citation format is "Vermont Statutes Online § 3-105" (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 § 3-105 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.