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Burlington Code § 18

Citation
Burlington Code § 18
Parent Document
Burlington Code ch. 18 art. V
Jurisdiction
Burlington (municipal)
Original Source
https://www.codepublishing.com/VT/Burlington/html/Burlington18/Burlington1805.html ↗

Other Sections in This Document (71)

Full Text

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Condominium conversion fee means a four (4) per cent fee on the actual sale price of residential units converted from rental housing to condominium or cooperative ownership. The condominium conversion fee is due at the time of property transfer of each individual residential unit prior to the recording of the deed or the proprietary lease for the transfer with the city clerk. The condominium conversion fee applies only at the time of the original conversion of the residential unit to a condominium or cooperative and not to any subsequent sale or transfer of the condominium or cooperative unit.