In Vermont, a security deposit relates to seasonal occupancy that is not intended as a primary residence. Which statement is correct?
Correct Answer
A) The deposit return period is 60 days unless the lease or agreement provides a shorter period
9 V.S.A. Section 4461 contains a 60-day return period for seasonal occupancy not intended as a primary residence unless shortened by agreement. Source basis: 9 V.S.A. Section 4461, Vermont Statutes Online, checked 2026-04-30
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Related Topics & Key Terms
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Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
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