Contracts
Vermont's 'community development agreement' in new subdivisions may require developers to:
ADonate 10% of lots to the state
BProvide infrastructure improvements, open space dedications, or other community benefits✓ Correct
CSell only to Vermont residents for 5 years
DBuild in Vermont design aesthetics
Explanation
As a condition of subdivision approval, Vermont municipalities may require developers to provide infrastructure improvements, dedicate open space, contribute to road or utility improvements, or provide other community benefits.
Related Vermont Contracts Questions
- A Vermont real estate listing agreement that sets no expiration date:
- Vermont's attorney review of a purchase contract is important because:
- A Vermont 'notice to perform' or 'cure notice' in a real estate transaction is used when:
- Vermont real estate contracts may include a 'merger clause' (integration clause) stating that:
- A right of first refusal in a Vermont real estate contract means:
- A Vermont purchase contract with a 'kick-out clause' allows the seller to:
- Novation in Vermont real estate refers to:
- Vermont's 'home warranty' included in some real estate transactions provides:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →