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Vermont law (VSA Title 9,
Chapter 137, Section 4461) states that:
A security deposit is any
advance, deposit or prepaid rent, however named, which is
refundable to the tenant at the termination or expiration
of the tenancy. The function of a security deposit
is to secure the performance of a tenant’s obligations
to pay rent and to maintain a dwelling unit. See
RentLaw.com Guide
to Normal Wear and Tear
A Landlord shall return
the security deposit to a tenant within 14 days from the
date on which the tenant vacated or abandoned the dwelling
unit, with a written statement itemizing any deductions.
Read more information on Vermont
Security Deposits here.
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