Property Ownership
Vermont's 'Act 87' and subsequent statutes govern condominium ownership. Under Vermont condominium law, each unit owner has:
AOwnership of only the airspace within their unit with no interest in common areas
BFee simple ownership of their unit and an undivided percentage interest in the common elements✓ Correct
CA leasehold interest in both the unit and common areas
DJoint tenancy in all units with all other unit owners
Explanation
Vermont's Condominium Act provides that unit owners have fee simple title to their individual unit and an undivided percentage interest (their 'percentage interest') in the common elements — shared areas like hallways, roofs, and parking lots.
Related Vermont Property Ownership Questions
- In Vermont, a 'fee simple defeasible' estate means:
- In Vermont, a deed restriction that prohibits commercial use of a residential subdivision lot is an example of:
- A Vermont condominium owner owns the interior space of their unit in fee simple plus:
- A Vermont condominium owner holds:
- A Vermont property owner plants trees that, over 20 years, completely overhang the neighbor's property. Under Vermont law, the neighbor may:
- In Vermont, adverse possession requires continuous, open, hostile, and exclusive use for:
- Vermont's Condominium Ownership Act governs the creation and regulation of:
- A riparian rights owner in Vermont has the right to:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →