Vermont Laws
Requirement to Record: Must be recorded with the recorder’s office in the county where the property sits.[1]
Expiration: Vermont law does not set an expiration for constructive notice.
Maximum Term: There is no statutory limitation on a lease with an option to purchase.
No Duration: If no duration is set in the lease for the option, it will expire automatically at the end of the lease.
Signing Requirements: Must be in writing and signed by the seller.[2]
Required Disclosures (1)
1. Lead-Based Paint Disclosure – If a property was built before 1978, it’s possible the walls and ceiling contain lead-based paint. Landlords renting these properties must disclose this to new tenants.
Seller’s Disclosures (1)
1. Seller’s Property Disclosure – If a seller sells their home using the services of a licensed agent, the agent must provide the buyer with a property disclosure statement that informs the buyer of any material defects and other details pertaining to the condition of the property.[3]