Page 49 - Real Estate Laws and Customs - State by State Guide by Old Republic Title

State Locations

A STATE - BY - STATE GUIDE
REAL ESTATE LAWS AND CUSTOMS VERMONT

Title Insurance Rates VERMONT
Filed

Form of Conveyance VERMONT
Warranty Deed

State Encumbrance Forms VERMONT
Mortgage

Customary Closing Entity VERMONT
Attorney

Commitment Issued? Duration? VERMONT
Yes; 6 Months

When Is Invoice Issued? VERMONT
With Commitment or at Closing

Deed Transfer Tax? VERMONT
Yes; Property Transfer Tax Land Gains and Non-Resident Withholding Tax May Apply

Mortgage Tax? VERMONT
No

Leasehold Tax? VERMONT
If Lease Contains Purchase Option and Allows Construction/Major Capital Improvements are
Taxable; ≥ 50 Years

Remote Online Notarization (RON) Status VERMONT
Law Passed, But Not in Effect
CUSTOMARY SPLITS

Owner’s Policy Premium VERMONT
Buyer Pays

Loan Policy Premium VERMONT
Buyer Pays

Title Search and Exam Fees VERMONT
Buyer Pays

Survey Charges VERMONT
Buyer Pays; Sometimes Negotiated

Deed Transfer Tax VERMONT
Buyer Pays

Mortgage Tax VERMONT
Call Underwriter

Closing Fees VERMONT
Negotiable

Recording Fees VERMONT
Buyer Pays to Record Deed and Mortgage
Seller Pays to Record Documents to Remove Encumbrances

UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com 49

oldrepublictitle.com/ncs Updated 07/2023