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Lapse of time When the prescribed time of the lease expires, the lease is terminated. Specified event When there is a condition on time of lease depending upon a happening of an event. Interest Lessor's interest to lease the property may cease, hence resulting in the termination of the lease.
In Vermont if a tenant wants to move out before the expiration of their lease you can legally hold the tenant responsible for the rent for the remainder of the lease term. The catch is you as the landlord, or your property manager, must make a reasonable effort to re-rent the apartment.
If you pay rent every week, you must give the landlord notice at least seven days before you move. If the landlord has given you a 60 day notice to end the tenancy but you want to leave sooner, you need to give notice one rental payment period in advance.
The fact that the terms of the lease has come to an end does not mean that you have to leave the property. Unless you or your landlord takes specific steps to end the agreement under the lease, it will simply continue on exactly the same terms. You do not need do anything unless you receive a notice from your landlord.
The minimum notice requirement is 28 days. If you have a monthly tenancy, you will have to give one month's notice. If you pay your rent at longer intervals you have to give notice equivalent to that rental period. For example, if you pay rent every three months, you would have to give three months' notice.
Vermont tenants have to provide written notice for the following lease terms (9 V.S.A. § 4467): Notice to Terminate a Lease with No End Date. In the case of no-cause evictions for tenancies of two years or more, at least 90 days' notice is required.
§ 4456(d). This means you must give the landlord the same amount of notice as there are days between rent payments. So, if you pay rent monthly, you must give your landlord notice at least one month before you move. If you pay rent every week, you must give the landlord notice at least seven days before you move.
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If you break a lease without having reasonable grounds to do so or do not give the correct notice of termination, you do not automatically lose your deposit however your landlord may seek to make deductions from or keep your deposit to cover expenses such as re-advertising, re-letting costs or lost rent.
What about tenant notice? Tenants must currently give 21 days notice of their intention to terminate a tenancy. This will change to 28 days.