A Vermont rent-to-own lease agreement is a dual-purpose contract that not only establishes a standard lease between a landlord and tenant but also grants the tenant an option to purchase the property within a specified time frame. It allows tenants to live in the property while planning to buy it, with the terms of purchase pre-negotiated and set out in a separate purchase agreement if the tenant decides to proceed with the acquisition.
Landlord-Tenant Laws: Title 9, Ch. 137 (Residential Rental Agreements).
Purchase Agreement Laws: Title 27, Ch. 5 (Conveyances of Real Estate).
