When it comes to leasing property in the state of Vermont, it`s important to have a solid lease agreement in place to protect both the landlord and the tenant. A lease agreement outlines the terms of the rental agreement and sets expectations for both parties. In this article, we`ll take a closer look at the state of Vermont lease agreement and what landlords and tenants should know.
First and foremost, it`s important to note that Vermont law requires rental agreements to be in writing if the term is longer than one year. This means that verbal rental agreements are not legally binding and can lead to confusion and disputes down the line. Additionally, the lease agreement should be signed by both the landlord and tenant to ensure that both parties agree to the terms outlined in the agreement.
Some key items that should be included in a Vermont lease agreement include:
– Names of the landlord and tenant(s)
– Description of the rental property, including any included furnishings or appliances
– Length of the lease and the date the lease begins and ends
– Rent amount and due dates
– Security deposit amount and terms
– Late fee and bounced check fee information
– Maintenance and repair responsibilities for both landlord and tenant
– Pet policies, if applicable
– Renewal and termination provisions
It`s important to note that Vermont law requires landlords to give tenants at least 30 days` notice before increasing the rent or asking tenants to leave the rental property. Additionally, landlords must return the security deposit to the tenant within 14 days of the lease ending, unless there are damages or unpaid rent owed.
When creating a Vermont lease agreement, it`s also important to ensure that it complies with all state and federal fair housing laws. This means that landlords cannot discriminate against tenants based on race, color, religion, national origin, sex, familial status, or disability.
In conclusion, a solid lease agreement is crucial to ensure a smooth rental experience for both landlords and tenants in the state of Vermont. By including all necessary terms and complying with all applicable laws, landlords can protect their investment and tenants can rest easy knowing their rights and responsibilities are clearly defined.