A Virginia Residential Lease is a legal document that is used to define the terms of a rental agreement between a landlord and a tenant. It outlines the rental payments, security deposit, the tenant's and landlord's rights and responsibilities, and other important information regarding the rental. The most common types of Virginia Residential Leases are month-to-month leases, short-term leases, and fixed-term leases. Month-to-month leases are renewed on a monthly basis and provide the tenant with more flexibility than other leases. Short-term leases are typically for a period of six months or less and provide the tenant with more flexibility than a fixed-term lease. Fixed-term leases are typically for a period of one year or more and are the most common type of Virginia Residential Lease. All Virginia Residential Leases must include certain information as required by law, such as the name and address of the landlord and tenant, the terms and conditions of the rental agreement, and other important details.