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Terms Used In Vermont Statutes Title 27 Sec. 1310

  • Apartment: means a part of the property intended for any type of independent use, including commercial uses. See
  • Common expenses: include :

  • Common profits: means the balance of all income, rents, profits, and revenues from the common areas and facilities remaining after the deduction of the common expenses. See
  • Property: includes the land, the building or site and all improvements and structures thereon all owned in fee simple absolute or any other estate in real property recognized by law and all easements, rights, and appurtenances thereto, and all articles of personal property intended for use in connection therewith, which have been or are intended to be made subject to this chapter. See
  • Site: means the spatial location occupied or to be occupied by a mobile home, including all utilities and amenities appurtenant to the location such as piping, wiring, plants, platforms or supports, lights, walls, and other improvements but not including the land on which the site is located. See

§ 1310. Common profits and expenses

Annually, the common profits of the property may be distributed among, and the common expenses shall be charged to, the apartment or site owners according to the percentage of the undivided interest in the common areas and facilities. (Added 1967, No. 228 (Adj. Sess.), § 10, eff. Jan. 23, 1968; amended 1993, No. 97, § 2.)