The Vermont Standard One (1) Year Lease Agreement is the most common form of a long term lease. Unlike a Month to Month Lease, a One Year Lease will run for a full twelve (12) months before terminating. It’s designed to provide both the landlord and tenant with a sense of security, that the landlord will have a tenant for the entirety of it, and that the tenant will have a place to live for the full year.
Both landlord and tenant should be exceptionally sure before signing a long term lease. If a tenant is forced to leave a property before the lease has ended, they may be financially responsible for the rent until the landlord finds a new tenant. Similarly, if a tenant fails to pay rent, the landlord will have to go through the lengthy and difficult process of eviction. If either landlord or tenant is unsure of the tenant’s ability to maintain the lease for a full year, they may wish to move to a Month to Month Lease instead.
As they are a common type of long term lease, all of the standard lease laws in Vermont will apply to them. Vermont’s lease laws can be found in Vermont Statutes, Title 9, Chapters 137 and 139.
- Vermont has no required state disclosures. However, Federal Law requires that a landlord disclose the presence of any lead paint based hazards on or around the property.