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The Vermont rental and lease agreements allow for the creation of a real estate lease contract between a property owner and a lessee to use premises for commercial or residential purposes. The lessor uses the rental application to check the income and eligibility of the potential lessee and their background information before approving the lease agreement.
Commercial Rental Lease Agreement – This is used to lease business space to tenants. The agreement is often more complicated than standard residential lease agreements. The tenant is often responsible for more than the rent such as building maintenance, insurance, tax, amongst others.
Monthly Rental lease Agreement (§ 4467) – A lease with a provision that allows both parties to cancel the agreement with a notice of sixty days. If the lessee has rented the dwelling for more than two years, the property owner is required to give a ninety days notification.
Rent-to-Own Rental Agreement – Typical residential agreement with a provision that allows a lessee to purchase the property when certain conditions are met. The price can be negotiated up front or when the tenant exercises their option to purchase.
Roommate Lease Agreement – For individuals seeking a shared housing arrangement, this lease agreement is used to stipulate their responsibilities and acceptable conduct.
Standard Residential Rental Contract – A residential lease arrangement with a fixed term. This type of tenancy is the most widely used and can last anywhere from one year to many years depending on the needs of the landlord and tenant.
Sublease Contract – This contract allows a lessee to bring in another occupant to assume responsibility for the leased dwelling usually with the landowner’s approval. This tenancy contract comes in two options: a commercial sublease and a residential sublease.
Lead-Based Paint Information – According to the law, property owners are required to inform their tenants if a home was built before 1978 that contains lead-based paint.
A lessor can access an occupant’s dwelling but is required to provide a minimum of forty-eight hours' notice and is required to do so from the hours of 9:00 A.M. to 9:00 P.M. (§ 4460).
Maximum – No limit.
Returning (§ 4461) – A lessor is required to send back all security deposits within fourteen days of the lessee's exit from the premises. If the dwelling was not used as a primary residence, the property owner has sixty days to send back the deposit.