Vermont § 507 - § 2A—507.

Full text of Vermont Vermont Statutes Online § 507 — § 2A—507., with citation guidance and answers to common questions.

§ 507. § 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.)

Frequently Asked Questions About Vermont § 507

What does Vermont Statutes Online § 507 cover?

Section 507 ("§ 2A—507.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Vermont § 507?

A common citation format is "Vermont Statutes Online § 507" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 507 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.