Vermont § 506 - § 2A—506.

§ 506. § 2A—506.

• Statute of limitations (1) An action for default under a lease contract, including breach of warranty or indemnity,
  must be commenced within four years after the cause of action accrued. By the original
  lease contract the parties may reduce the period of limitation to not less than one
  year. (2) A cause of action for default accrues when the act or omission on which the default
  or breach of warranty is based is or should have been discovered by the aggrieved
  party, or when the default occurs, whichever is later. A cause of action for indemnity
  accrues when the act or omission on which the claim for indemnity is based is or should
  have been discovered by the indemnified party, whichever is later. (3) If an action commenced within the time limited by subsection (1) of this section is
  so terminated as to leave available a remedy by another action for the same default
  or breach of warranty or indemnity, the other action may be commenced after the expiration
  of the time limited and within six months after the termination of the first action
  unless the termination resulted from voluntary discontinuance or from dismissal for
  failure or neglect to prosecute. (4) This section does not alter the law on tolling of the statute of limitations nor does
  it apply to causes of action that have accrued before this article becomes effective. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)