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Vermont Rent-to-Own Lease Agreement

A Vermont rent-to-own lease agreement confirms a common lease arrangement between a landlord and a tenant, but it also includes an option for the tenant to purchase the property. It outlines the average items that are found in a lease agreement, including but not limited to the monthly rent, security and pet deposits, and tenant responsibilities. Next the option to purchase the property explains the requirements, arrangements, and purchase price agreed by the tenant and landlord. The tenant has to pay the regular monthly rent until they want to buy the property. Sometimes rent paid can apply to the purchase price. The seller needs to issue certain disclosures per Vermont law.

Seller Disclosures

Provide if the tenant decides to buy the property.

Lead-Based Paint Disclosure – Homeowners are required to supply this disclosure to buyers when selling any property built before 1978.

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Seller’s Property Disclosure (§ 2296(4)) – Informs the buyer of material defects and any other details pertaining to the condition of the property.

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