Contracts
Vermont's 'tenancy clause' in a purchase contract specifies:
AThe buyer's right to live in the property before closing
BWhether the property is owner-occupied or tenant-occupied and any conditions related to existing tenancies✓ Correct
CThe seller's new rental plans after closing
DThe property manager's contact information
Explanation
A tenancy clause in a purchase contract addresses whether the property has existing tenants, the terms of those tenancies, and how they will be handled at closing — whether leases survive, tenants vacate, or the buyer assumes landlord obligations.
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