Need a Property Rentals Contract in Virginia? AroundWire Can Help

In Virginia, property rental contracts—whether for commercial or residential use—are governed by state statutes such as the Virginia Residential Landlord and Tenant Act (VRLTA) for residential properties and common law principles for commercial leases. Key contract features typically include precise definitions of premises, lease term, permitted uses, rent structure, and maintenance responsibilities. State law requires disclosure of lead-based paint hazards in properties built before 1978 and mandates that landlords provide habitable premises, with timely repairs for health and safety issues. Security deposits are capped at two months’ rent for residential leases, with itemized deductions and strict return timelines. Commercial property rentals often require tenants to carry liability insurance and name the landlord as an additional insured; proof is usually required before occupancy. Both property types may include indemnification clauses and specify responsibility for utility payments and property taxes. Virginia does not require special licensing for landlords, but localities may impose business license or registration requirements. Risk factors include tenant default, property damage, and liability claims; accordingly, contracts often stipulate remedies such as late fees, cure periods, and provisions for eviction. Dispute resolution typically favors local jurisdiction courts, though some commercial contracts may specify mediation or arbitration. Payment terms are usually monthly in advance, with clear consequences for non-payment. Compliance with local zoning ordinances and building codes is essential, and contracts may reference these requirements explicitly.