In Vermont, a leased Vermont residential property is sold. Which statement is correct?
Correct Answer
A) Leases remain in effect, the seller transfers security deposits to the purchaser at closing, and the purchaser gives tenants written notice of the new name and address and deposit transfer
The Vermont state exam tests lease continuity, security deposit transfer, and purchaser tenant notice when leased residential property is sold. Source basis: Vermont OPR Real Estate Salesperson State Jurisprudence Exam, SALES EXAM #2, retrieved 2026-04-25
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