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-529)
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§ 2A—529. Lessor’s action for the rent
(1) After default by the lessee under the lease contract of the type described in section 2A—523(1) or 2A—523(3)(a) of this title or, if agreed, after other default by the lessee, if the lessor complies with subsection
(2) of this section, the lessor may recover from the lessee as damages:
(a) for goods accepted by the lessee and not repossessed by or tendered to the lessor, and for conforming goods lost or damaged within a commercially reasonable time after risk of loss passes to the lessee (§ 2A—219), (i) accrued and unpaid rent as of the date of entry of judgment in favor of the lessor, (ii) the present value as of the same date of the rent for the then remaining lease term of the lease agreement, and (iii) any incidental damages allowed under section 2A—530 of this title, less expenses saved in consequence of the lessee’s default; and
(b) for goods identified to the lease contract if the lessor is unable after reasonable
effort to dispose of them at a reasonable price or the circumstances reasonably indicate
that effort will be unavailing, (i) accrued and unpaid rent as of the date of entry
of judgment in favor of the lessor, (ii) the present value as of the same date of
the rent for the then remaining lease term of the lease agreement, and (iii) any incidental
damages allowed under section 2A—530 of this title, less expenses saved in consequence of the lessee’s default.
(2) Except as provided in subsection (3) of this section, the lessor shall hold for the
lessee for the remaining lease term of the lease agreement any goods that have been
identified to the lease contract and are in the lessor’s control.
(3) The lessor may dispose of the goods at any time before collection of the judgment
for damages obtained pursuant to subsection (1) of this section. If the disposition
is before the end of the remaining lease term of the lease agreement, the lessor’s
recovery against the lessee for damages is governed by section 2A—527 or 2A—528 of this title, and the lessor will cause an appropriate credit to be provided against a judgment
for damages to the extent that the amount of the judgment exceeds the recovery available
pursuant to section 2A—527 or 2A—528 of this title.
(4) Payment of the judgment for damages obtained pursuant to subsection (1) entitles the
lessee to the use and possession of the goods not then disposed of for the remaining
lease term of and in accordance with the lease agreement.
(5) After default by the lessee under the lease contract of the type described in section 2A—523(1) or 2A—523(3)(a) of this title or, if agreed, after other default by the lessee, a lessor who is held not entitled
to rent under this section must nevertheless be awarded damages for non-acceptance
under section 2A—527 or 2A—528 of this title. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)