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2018 Vermont Statutes
Title 27A - Uniform Common Interest Ownership Act (1994)
Article 4 - Protection Of Purchasers
§ 4-120 Substantial completion of units
Universal Citation: 27 V.S.A. § 4-120
§ 4-120. Substantial completion of units
If delivery of a public offering statement is required for the sale of a unit, a contract of sale may be executed, but interest in that unit shall be conveyed only after the declaration is recorded and the unit is substantially completed, as evidenced by a recorded certificate of substantial completion executed by an independent architect, professional surveyor, or engineer, or by issuance of a certificate of occupancy. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999.)
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