UPDATE: As eviction date draws near, some owners are demolishing their homes.
Facing eviction, homeowners flatten Malletts Bay cabins
By Deborah Goonan, Independent American Communities
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Homeowners associations vary considerably in many ways, including size of membership, the type of residential dwellings, and the nature of shared obligations. Although most modern HOAs have been created by developers, prior to construction of new homes, some HOAs are created under different circumstances.
Malletts Bay HOA, located in Colchester, Vermont, on the banks of Lake Champlain, is an association of two dozen home sites on a 7-acre parcel. The land parcel is owned by Mongeon Bay Properties LLC (MBP), a family that has owned the land for more than 80 years. During most of this time, the Mongeon family rented small cottages set up as seasonal campsites.
However, in 1995, residents were encouraged to organize an HOA for the purposes of engaging in a 25-year land lease with MBP. (The lease was later extended to 2036.) Subsequently, several tenants later purchased…
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