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Landlord Certificates

Please note: This web page will be updated with additional information, guides, and forms before the tax filing season.

What has Changed

The Vermont legislature made substantial changes to the Renter Rebate program in Act 160 of 2020. These changes will take effect in the 2021 tax year, impacting claims filed during the 2022 income tax filing season. Below is a summary of the important changes to the program that landlords should know about.

Looking for information for renters?

New For Tax Year 2021

  • Form LRC-140, Landlord Certificate has replaced Form LC-142, Landlord Certificate.
  • Landlords who file Form LRC-140 no longer need to provide each tenant household with a Landlord Certificate.
  • Landlords with five or more tenants occupying any property are required to file Landlord Certificates through myVTax.
  • Landlords must complete one Landlord Certificate for each property owned that has its own SPAN and where one or more units are rented.
  • Landlords are not required to report net rent paid, except when the tenant’s rent is subsidized.
  • If you are the owner of a for-profit or a not-for-profit mobile home park or a land trust or cooperative, see instructions on how to file Form LRC-147, Statement of Rent for Mobile Home Park Lot Rent, Co-ops, Trusts.

Overview

You are a landlord if you own any property that you rent for residential use for periods of 30 or more consecutive days, with or without a lease. Apartments, single-family homes, condominiums, boarding homes, mobile homes, lots for mobile homes are all examples of units that can be rented.

A landlord must provide the Vermont Department of Taxes with a completed LRC-140 Landlord Certificate by January 31 of each year.

The Landlord Certificate informs the Vermont Department of Taxes of the names of each renter along with the number of months rented and whether the rent was subsidized.

Frequently Asked Questions

The name of the tax credit has changed from “Renter Rebate” to “Renter Credit.”

Any landlord who rents one or more units needs to submit a Landlord Certificate. This requirement previously only applied to landlords with two or more units.

No. However, you will need to complete a certificate for each rental property you own, listing the names of your renters and their unit numbers.

You won’t need to calculate or include the rent they paid unless the renters receive subsidies for rent.

Landlords will need to submit one Landlord Certificate for tax year 2021 by January 31, 2022, for each property they own where one or more units are rented. Landlords with 5 or more tenants occupying any property are required to file Landlord Certificates electronically. Landlords with fewer than 5 tenants per property are strongly encouraged to file Landlord Certificates electronically.

If you are the owner of a for-profit or a not-for-profit mobile home park or a land trust or cooperative, see instructions on how to file Form LRC-147, Statement of Rent for Mobile Home Park Lot Rent, Co-ops, and Land Trusts.

You’ll need to include the address, location, and type of rental unit, as well as the correct SPAN for each property. You will need the first and last name of the renter, the unit number, and the number of months rented. You will also be asked to indicate whether the renter received subsidies to help pay their rent, in which case you will need to provide the rent paid after accounting for any subsidies (and included utilities). 

It is very important that you record the correct SPAN on each Landlord Certificate. The SPAN can be found on your property tax bill in the “housesite tax information” box on the upper right. The Department will also provide a link in myVTax that will help you to easily look up and record the correct SPAN on the Landlord Certificate. 

You will need to check the box on the Landlord Certificate indicating which renters received subsidies. You will also be asked to calculate the actual rent paid by each subsidized renter, after subtraction of any utilities paid by the landlord and included in the rent and subsidies received on the renter’s behalf. The renter will also be asked to indicate on their Renter Credit application (Form RCC-146) whether they received subsidies. 

Rental assistance related to the pandemic received in 2021 is considered a subsidy. If you received assistance on behalf of one of your renters, check the box for “subsidized” and calculate their rent according to the instructions on the LRC-140, Landlord Certificate form.