The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 2A-507)
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§ 2A—507. Proof of market rent: time and place
(1) Damages based on market rent (§ 2A—519 or 2A—528) are determined according to the rent for the use of the goods concerned for a lease term identical to the remaining lease term of the original lease agreement and prevailing at the times specified in sections 2A—519 and 2A—528 of this title.
(2) If evidence of rent for the use of the goods concerned for a lease term identical
to the remaining lease term of the original lease agreement and prevailing at the
times or places described in this article is not readily available, the rent prevailing
within any reasonable time before or after the time described or at any other place
or for a different lease term which in commercial judgment or under usage of trade
would serve as a reasonable substitute for the one described may be used, making any
proper allowance for the difference, including the cost of transporting the goods
to or from the other place.
(3) Evidence of a relevant rent prevailing at a time or place or for a lease term other
than the one described in this article offered by one party is not admissible unless
and until he or she has given the other party notice the court finds sufficient to
prevent unfair surprise.
(4) If the prevailing rent or value of any goods regularly leased in any established market
is in issue, reports in official publications or trade journals or in newspapers or
periodicals of general circulation published as the reports of that market are admissible
in evidence. The circumstances of the preparation of the report may be shown to affect
its weight but not its admissibility. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)