Vermont Lease Provisions Relating to Brokers

State:
Multi-State
Control #:
US-OL29A07
Format:
Word; 
PDF
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Description

This office lease provision states that the landlord and tenant each warrant and represent to the other party that there was no broker, finder or similar person, other than those listed, entitled to a commission, fee or other compensation, instrumental in consummating the lease. It also states that no conversations or prior negotiations were had by the landlord or tenant, respectively, or anyone acting on behalf of the landlord or the tenant, respectively, with any broker, finder or similar person, other than those listed, concerning the renting of the demised premises.

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FAQ

Broken lease If a tenant breaks a lease by moving out of the rental property before the end of the agreed upon term, the tenant can be held responsible for the rent due for the remainder of the term. However, a landlord must make every effort to fill the rental property as soon as possible.

A Vermont rent-to-own lease agreement provides a standard lease between a landlord and tenant as well as an option allowing the tenant to purchase the property. The tenant will be given a specific time period when they will have to buy the property.

Vermont does not allow dual agency, which means the service agreement must advise the owner whether they are a designated agency firm or a non-designated agency firm. If the firm is a designated agency firm, the service agreement must name the agent the firm designates to represent the buyer.

Vermont Consumers who have a complaint regarding the actions of a Vermont real estate professional can file a complaint with the OPR. Once in possession of the complaint, the OPR will forward it to the Vermont Real Estate Commission, which is a sub-group within the OPR.

Tenants are entitled to the "quiet enjoyment" of their rental property, and are entitled to their privacy. For this reason, during a tenancy, landlords generally must have a tenant's permission before entering a rented property. By law, tenants must not unreasonably withhold permission.

A major disadvantage of renting to own is that renters lose their down payment and other non-refundable charges if they decide not to purchase the home. Some sellers may even take advantage of renters by making it difficult or unappealing to purchase the home ? with the goal of keeping the down payment.

In Vermont a landlord may terminate a month-to-month agreement without cause. If a tenant has resided at the dwelling unit for 2 years or less, then the landlord may provide a 60 days' notice. If a tenant has resided at the premises for more than 2 years, the landlord may provide a 90 days' notice.

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Vermont Lease Provisions Relating to Brokers