Convert To Jpg Legal Virginia Residential Leases Forms For Free

A Virginia rent-to-own agreement is a unique lease that permits a tenant to purchase rental property after satisfying certain conditions. Before the lease commences, the tenant pays the landlord a fee to exercise the option to purchase the property.

In Virginia, landlords are required to provide tenants with 24 hours' notice before entering the premises to make repairs, show the unit to prospective buyers, and more. The only exception to this is if there is an emergency, such as a fire or severe leakage.

The document must provide the property address, rental price, lease term, and security deposit amount for the lease. Landlords will often require a background and credit check prior to finalizing an agreement to determine the tenant's suitability.

Generally speaking, the Virginia Residential Landlord Tenant Act, or VRLTA, applies to apartment complexes, regardless of the number of apartments; single-family houses, if the landlord rents out more than two of them; and hotels, motels, or boarding houses if the tenant has been renting for more than 90 days or has a ...

The landlord or the tenant may terminate a month-to-month tenancy by serving a written notice on the other at least 30 days prior to the next rent due date, unless the rental agreement provides for a different notice period. The landlord and the tenant may agree in writing to an early termination of a rental agreement.

Either party may terminate a rental agreement with a term of 60 days or more by giving written notice to the other at least 60 days prior to the termination date; however, the rental agreement may require a longer period of notice.