Vermont Residential Lease Agreement
The Vermont standard residential lease agreement is a commonly a one (1) year term that ties a landlord and tenant together until the end of the rental period. Upon both parties signature on the last page of the document it becomes final and binding to lessor and lessee.
How to Write
After an individual finds a property they deem suitable for themselves they will begin the verbal negotiation with the landlord on the monthly rent per month. Once agreed upon the property owner will check the tenant’s credit through the rental application and check to see if they are financially stable to handle the monthly amount. If the tenant is not monthly capable for the property, the landlord has the option to either charge a higher than average security deposit or deny the applicant.
If approved the landlord and tenant will fill-in the following;
- Landlord’s Full Information
- Tenant’s Full Information
- Minor Children on the Premises (if any)
- Lease Period
- The Property (Description)
- Payment Amounts
- Deposit Fee(s)
- Notices for Landlord and Tenant
- Other Agreements
- Signature Page
Lead-Based Paint – If any housing unit was built prior to 1978 per federal law this document must be handed to the tenant prior to move-in.