Property Management
A Vermont residential tenant who suffers a substantial reduction in services (e.g., no heat in winter) may choose to:
AStop paying all rent permanently
BTerminate the lease without liability for future rent under the doctrine of constructive eviction, if the landlord has failed to remedy the condition after notice✓ Correct
CImmediately move out without any notice
DSue the landlord for punitive damages only
Explanation
Constructive eviction occurs when a landlord's failure to maintain habitable conditions effectively forces a tenant to vacate. In Vermont, a tenant who is constructively evicted (and who vacates within a reasonable time after giving notice) is released from future rent obligations and may sue for damages.
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Key Terms to Know
Option Contract
A contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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