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SUBJECT: CONSUMER PROTECTION RENT-TO-OWN DISCLOSURES ATTORNEY PUBLIC PROTECTION UNIT ADOPTED PURSUANT TO 9 V.S.A. SECTION 41b RULE CP 115 Effective Date: 1/1/97 CP 115.01 CP 115.02 CP 115.03 CP 115.04
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What is rent-to-own disclosures?
Rent-to-own disclosures are documents that outline the terms of a rent-to-own agreement, including the rental terms, purchase price, and option to buy the property.
Who is required to file rent-to-own disclosures?
Property owners or landlords who offer rent-to-own agreements are required to file rent-to-own disclosures with the tenant.
How to fill out rent-to-own disclosures?
Rent-to-own disclosures can be filled out by including all necessary information such as rental terms, purchase price, option to buy, and any other relevant terms of the agreement.
What is the purpose of rent-to-own disclosures?
The purpose of rent-to-own disclosures is to provide transparency and clarity to both parties involved in the rent-to-own agreement, ensuring that all terms and conditions are clearly communicated.
What information must be reported on rent-to-own disclosures?
Rent-to-own disclosures must include rental terms, purchase price, option to buy, any additional fees or charges, and the rights and responsibilities of both the landlord and tenant.
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