Vermont Statutes

§ 4092 — Dealership facilities assistance upon termination, cancellation, or nonrenewal

Vermont·Title 9 Title 9: Commerce and Trade·Ch. 108 Chapter 108: Motor Vehicle Manufacturers, Distributors, and Dealers Franchising
(a)In the event of a termination, cancellation, or nonrenewal under this chapter; and
(1)the new motor vehicle dealer is leasing the dealership facilities from a lessor other than the manufacturer, the manufacturer shall pay the new motor vehicle dealer a sum equivalent to the rent for the unexpired term of the lease or one year’s rent, whichever is less;
(2)if the new motor vehicle dealer owns the dealership facilities, the manufacturer shall pay the new motor vehicle dealer a sum equivalent to the reasonable rental value of the dealership facilities for one year.
(b)If the termination, cancellation, or nonrenewal is pursuant to subdivision 4090(a)(2)(B) of this title, then, with respect to such facilities as were required as a condition of the franchise and used to conduct sales and

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