Vermont Condo & HOA News

• Treasury Department Announces Suspension of Enforcement of CTA March 12, 2025
  On March 2, the US Treasury Department announced via press release that not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing Corporate Transparency Act (CTA) regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either.   Read the article…………………………….
• Upper Valley condos destroyed in fire (VT) February 25, 2025
  Several units of an Upper Valley apartment complex were damaged by a fire early Tuesday.   Video news report……………………..
• Mountain Green condos $48m renovations is underway (VT) February 13, 2025
  Mountain Green Condominium Association, a 45-year-old, 215-unit association with a restaurant, spa, gym and two pools located across from Snowshed Lodge on East Mountain Road, is embarking on a $48 million renovation.  The renovations, under DEW Construction Corporation, will take about 2 1/2 years to complete.  Read the article…………………………….
• Burlington neighbors push to evict problem property owner (VT) February 5, 2025
  Up to 20 people may be squatting in a Burlington condo, leaving neighbors fearful for their safety. The local homeowners association has struggled for years to clear out the problem property and finally may be making some headway.  A visit by the Chittenden County Sheriff’s Department on Tuesday was the first step in what residents of The Riverwatch Condo Association hope could be a reprieve from a problem that has plagued the 200-unit Riverside Avenue complex.    Read the article…………………………….
• Crews contain fire at Trailside Condos in Killington (VT) December 9, 2024
  Killington Fire and Rescue Services responded to a report of heavy smoke in a unit at the Trailside Condos Saturday afternoon.  The first crew arrived just after 12:30 p.m. and found the unit filled with smoke. Firefighters located a small fire under a kitchen cabinet, then quickly contained and extinguished it.     Read the article…………………………….

Vermont News Archives

Vermont Condo & HOA Articles

• Q&A: To Insure or Not to Insure?
  Q. Given the recent disasters on both the East and West Coasts, from flooding to fires, it seems obvious that property insurance is important. But it’s also getting very expensive. Owners who have mortgages are required by their banks to carry insurance, but if you own your property with no mortgage, is it still required?  Read the Q&A………………………………..
• How Self-Managed Communities Manage Their Business: Staying Smart & Solvent
  One of the certainties of living in a condo, co-op, or HOA is that despite all having an equal stake in the financial and administrative success of the building or association, only a small percentage of residents choose to take an active role in the governance and management of their communities. In addition, many buildings and associations contract with a management company to help execute their boards’ decisions and handle the day-to-day supervision of the property.   Read the article…………………………….
• Clear Communication From Digital Portals to Personal Connections
  In multifamily communities, transparent and open communication helps ensure smooth operations and leads to greater resident satisfaction.  When it comes to property management, both traditional and more tech-savvy communication approaches, from personal interactions to digital portals, can help a building team operate successfully. A carefully considered full-spectrum approach keeps the lines open for residents, board members, and managers to exchange information clearly and efficiently.    Read the article…………………………….
• Understanding Management Fees: Minding the Bottom Line
  Among the many factors necessary for multifamily residential buildings to achieve financial stability, proper budget planning, compliance, and trust among shareholders, effective fee management is one of the most important. Understanding the billing structures property management companies use with different client communities can help determine which one is the best fit for your particular building or HOA.   Read the article…………………………….
• Handling Mismanagement: Clear Expectations Are Key
  The right property management team can make or break a building. While basic day-to-day maintenance and financial oversight often take priority when managing a multifamily property, comprehensive property management also includes building security, legal compliance, and resident satisfaction.   Read the article…………………………….
• Q&A: Dealing with a Rogue Board
  Q. I was a member of our three-person association condo board for about one year. I resigned after I realized the other two people were having secret meetings and making decisions without my input, and bringing their two-to-one vote to the full board meetings.   Read the Q&A………………………………..
• Responding to Litigation: Be Discreet, Be Professional, Be Timely
  There’s an old joke about business partners on the outs. The punchline is something like, “my lawyer is bigger than your lawyer!” Punchlines aside, though, who can you sue, when, and for what? In our litigious society, the short answer is nearly anybody, pretty much anytime, and for just about anything, depending on your resources.   Read the article…………………………….

Vermont Article Archives

Vermont Laws

Condominium Ownership Act 

Common Interest Ownership Act

Vermont Condo & HOA Resources

Vermont Human Rights Commission VHRC would like to help condo boards avoid problems. VHRC offers fair housing training to condo boards and the residents prior to a complaint being filed. The training are interactive and usually take one to two hours depending on the number of questions and issues.

Community Associations Institute –  New England Chapter