A VT lease agreement is a legally binding contract between a landlord and a tenant. This is written to conform to state laws where the property is located. In Vermont, these allow both parties to comply with a series of set terms for a specified number of months or years.
However, the big difference is the duration that they cover. Rental agreements usually only cover short-term tenancies of a few months at a time or month-to-month contracts. Leases, on the other hand, cover a set number of months or years.
A lease agreement should contain the following details:
How long the tenant may legally reside in the property
How much rent should be paid
Information about the security deposits necessary
When rental installments are due
Any additional costs that must be serviced by the tenant
The rules regarding the proper use of the property
Situations that constitute lease violation eviction procedures