Landlord Certificates play a vital role in the Renter Credit Program. The Renter Credit is a refundable tax credit available to eligible Vermont residents who rented during the prior calendar year. Renters may be eligible even if they are not required to file a tax return.
The Renter Credit Program replaced the Renter Rebate Program in 2020, under Act 160 of 2020. Below is a summary of the important parts of the program that landlords should know about.
Important Reminders for Landlords
-
Form LRC-140, Landlord Certificate replaced Form LC-142, Landlord Certificate, in 2020.
-
Tenants do not need a copy of Form LRC-140, Landlord Certificate
-
Landlords with five or more tenants occupying any property are required to file Landlord Certificates electronically using myVTax.
-
Landlords must complete one Landlord Certificate for each property owned that has its own SPAN and where one or more units are rented, regardless of whether renters will claim the Renter Credit.
-
Landlords are not required to report net rent paid, except when the tenant’s rent is partially 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, and Land Trusts.
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, and lots for mobile homes are all examples of units that can be rented.
For all but mobile home lot rentals, a landlord must provide the Vermont Department of Taxes with a completed LRC-140, Vermont Landlord Certificate, by January 31 each year.
If you are the owner of a for-profit or not for profit mobile home park, land trust, or cooperative and tenants own their homes, you must complete form LRC-147, Statement of Rent for Mobile Home Park Lot Rent, Co-ops, and Land Trusts (“Lot Rent Certificate”). Provide this form to the Vermont Department of Taxes, and a copy to each mobile home owner-occupier, by January 31 each year.
The Landlord Certificate and the Lot Rent Certificate each inform the Vermont Department of Taxes of the names of each renter along with the number of months rented and whether the rent was subsidized.
How to Complete the Certificate
Landlords with five or more tenants are required to file electronically. Whether filing on myVTax or on paper, you must complete a separate certificate for each rental property you own. You will need the following information to complete the certificate(s):
-
The name or the owner of the rental property. If multiple owners, print each owner name separated by a comma.
-
Mailing address for correspondence concerning this rental property.
-
Physical location of the rental property.
-
School Parcel Account Number (SPAN) for the rental property.
-
The number of rental units in this property. For mobile home parks, enter the number of lots.
-
Name(s) of the tenants, and if partially subsidized, how much they paid for occupancy.
-
Keep a copy for your records.
For questions about filing a Landlord Certificate or Lot Rent Certificate, contact us at tax.individualincome@vermont.gov or call (802) 828-2865 or (866) 828-2865.
SPAN Finder
Enter an address in the search bar to find the School Property Account Number (SPAN) number of a property. Open the SPAN finder in new window.
How to File
Online
The easiest way to complete a Landlord Certificate is online through myVTax, the Department’s online tax portal. Use our step-by-step guide to file a landlord certificate electronically.
How to Submit a Bulk Upload File
For those filing multiple landlord certificates, bulk filing is an option. Learn more about bulk filing using myVTax.
Paper Certificates
To file a paper LRC-140, Vermont Landlord Certificate, or LRC-147, Statement of Rent for Mobile Home Park Lot Rent, Co-ops, and Land Trusts, download a copy or request paper forms by mail. Landlords with one or more rental units must file the applicable form, and must file electronically if there are five or more rental units on any one property.
Mail the completed certificate form to:
Vermont Department of Taxes
P.O. Box 1881
Montpelier, VT 05601-1645