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. the information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. we make the lives of landlords, tenants and real estate investors easier by giving them the knowledge and resources they care most about. it’s about time the internet had a single place with all of the most up-to-date information from leading experts in property management, investing and real estate law.
a virginia commercial lease agreement is a legally binding contract between a landlord and a tenant that permits the tenant to rent the landlord’s commercial property. the document will state the terms both parties must adhere to, including the cost of monthly rent, the duration of the first term, the payment of expenses, and the right to renew. the document also states the rights and responsibilities of both parties, as well as the penalties for any breach of their contractual obligations. for instance, if the tenant fails to pay rent or damages the property, they may be required to pay additional fees to the landlord or have their lease terminated. lease application – landlords can have tenants fill out and return this document to obtain their financial, business, and rental history. virginia commercial lease agreement realtor version – for use by members of the virginia association of realtors to lease commercial real estate.
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