A rental agreement could include a security deposit. A security deposit is money the tenant gives to landlord to hold until the tenant moves out. 9 V.S.A. § 4461.
If the landlord holds a security deposit and sells the unit, the security deposit must be transferred to the new landlord. The new landlord has to notify the tenant that they hold it. 9 V.S.A. § 4461(f).
When a tenant moves out, if the tenant has met all of their duties, the landlord must return the security deposit to the tenant within 14 days of the date the tenant moved out. 9 V.S.A. § 4461.
As a tenant, there are steps you can take to get your security deposit back.
Security Deposit “Roadmap”
See our Security Deposit Roadmap for videos and detailed steps for getting your security deposit back in Vermont. It includes what to do when you move into a new place.