Vermont § 1314 Blanket mortgages and other blanket liens affecting an apartment or site at time of first conveyance

Vermont Statutes

§ 1314 — Blanket mortgages and other blanket liens affecting an apartment or site at time of first conveyance

Vermont § 1314

Title 27Title 27: Property

Ch. 15Chapter 015: Condominium Ownership Act

This text of Vermont § 1314 (Blanket mortgages and other blanket liens affecting an apartment or site at time of first conveyance) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 27, § 1314 (2026).

Text

At the time of the first conveyance of each apartment or site, every mortgage and other lien affecting the apartment or site, including the percentage of undivided interest of the apartment or site in the common areas and facilities, shall be paid and satisfied of record, or the apartment or site being conveyed and its percentage of undivided interest in the common areas and facilities shall be released therefrom by partial release duly recorded. (Added 1967, No. 228 (Adj. Sess.), § 14, eff. Jan. 23, 1968; amended 1993, No. 97, § 2.)

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At the time of the first conveyance of each apartment or site, every mortgage and other lien affecting the apartment or site, including the percentage of undivided interest of the apartment or site in the common areas and facilities, shall be paid and satisfied of record, or the apartment or site being conveyed and its percentage of undivided interest in the common areas and facilities shall be released therefrom by partial release duly recorded. (Added 1967, No. 228 (Adj. Sess.), § 14, eff. Jan. 23, 1968; amended 1993, No. 97, § 2.)