The Virginia commercial lease agreement is a lease specifically used for the rental of retail stores, office space, industrial buildings, or other commercial spaces. This contract defines the rights and responsibilities of the business entity and the owner or landlord of the commercial property.
Virginia Commercial Landlord-Tenant Law
Here are some interesting things to know about Virginia commercial tenant laws:
- Self-Help Eviction: If a commercial tenant does not pay the rent, the landlord can use self-help eviction methods such as locking the tenant out without having to go to court. This is not allowed for residential rental properties.
- Late Rent: Rent is due on the day stated in the lease agreement. The next day it is late and there is no waiting period for evictions from a commercial property.
- No Duty to Maintain: A commercial landlord has no legal duty to maintain a commercial rental property to any standard, unlike residential properties that must be habitable.
- Security Deposit: Commercial leases have no legal limit on the amount of security deposit that can be collected by the landlord.