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Modification of a Lease to Extend the Term and Increase the Base Rent

Virginia Modification of a Lease to Extend the Term and Increase the Base Rent

Name: Virginia Modification of a Lease to Extend the Term and Increase the Base Rent
Brand: US Legal Forms
Rating: 4.78 (279 reviews)

Category:

Leases - Extensions

State:

Multi-State

Control #:

US-02938BG

Format:

Instant download

Description

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction. The Virginia Modification of a Lease to Extend the Term and Increase the Base Rent is a legal document that allows landlords and tenants in Virginia to make changes to an existing lease agreement. This type of modification is typically done when both parties agree to extend the lease term and increase the base rent amount. Key terms and keywords related to this topic include: 1. Virginia Lease Modification: A legal document that allows landlords and tenants in Virginia to modify the terms of an existing lease agreement. 2. Lease Extension: The act of extending the lease term beyond its original expiration date. 3. Increase in Base Rent: A change in the agreed-upon amount of rent that a tenant must pay as specified in the lease agreement. 4. Lease Amendment: Another term used to describe a modification or change made to an existing lease agreement. 5. Lease Renewal: The process of extending a lease for an additional term after its original term has expired. 6. Rent Adjustment: The act of modifying the rental amount, whether it is an increase or a decrease. 7. Lessor: The landlord or property owner who grants the lease to a lessee. 8. Lessee: The tenant or person who occupies the leased property. 9. Attorney Review: The process of having a legal professional review and ensure the validity and enforceability of the lease modification. 10. Binding Agreement: An agreement that holds both parties legally responsible for their obligations and responsibilities under the modified lease. Types of Virginia Modification of a Lease to Extend the Term and Increase the Base Rent may include: 1. Simple Lease Extension: This type of modification involves extending the lease term without any other changes to the original lease agreement. 2. Rent Increase Only: In this case, the parties agree to extend the lease term while also increasing the base rent amount. 3. Comprehensive Lease Modification: This type of modification may involve both extending the lease term and making other amendments to the original lease agreement, such as changes to the rent payment schedule or additional clauses and provisions. It is important to consult with a legal professional or attorney to ensure that any modifications made to a lease agreement comply with Virginia laws and regulations to protect the rights and interests of both the landlord and tenant.

The Virginia Modification of a Lease to Extend the Term and Increase the Base Rent is a legal document that allows landlords and tenants in Virginia to make changes to an existing lease agreement. This type of modification is typically done when both parties agree to extend the lease term and increase the base rent amount. Key terms and keywords related to this topic include: 1. Virginia Lease Modification: A legal document that allows landlords and tenants in Virginia to modify the terms of an existing lease agreement. 2. Lease Extension: The act of extending the lease term beyond its original expiration date. 3. Increase in Base Rent: A change in the agreed-upon amount of rent that a tenant must pay as specified in the lease agreement. 4. Lease Amendment: Another term used to describe a modification or change made to an existing lease agreement. 5. Lease Renewal: The process of extending a lease for an additional term after its original term has expired. 6. Rent Adjustment: The act of modifying the rental amount, whether it is an increase or a decrease. 7. Lessor: The landlord or property owner who grants the lease to a lessee. 8. Lessee: The tenant or person who occupies the leased property. 9. Attorney Review: The process of having a legal professional review and ensure the validity and enforceability of the lease modification. 10. Binding Agreement: An agreement that holds both parties legally responsible for their obligations and responsibilities under the modified lease. Types of Virginia Modification of a Lease to Extend the Term and Increase the Base Rent may include: 1. Simple Lease Extension: This type of modification involves extending the lease term without any other changes to the original lease agreement. 2. Rent Increase Only: In this case, the parties agree to extend the lease term while also increasing the base rent amount. 3. Comprehensive Lease Modification: This type of modification may involve both extending the lease term and making other amendments to the original lease agreement, such as changes to the rent payment schedule or additional clauses and provisions. It is important to consult with a legal professional or attorney to ensure that any modifications made to a lease agreement comply with Virginia laws and regulations to protect the rights and interests of both the landlord and tenant.

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FAQ

Also, you must be given 90 days notice if there is no lease, or if there is a lease with fewer than 90 days remaining, or if you have a month-to-month lease. you should not withhold rent.

This notice will inform the tenant that the tenant has 21 days to either remedy the violation or move out of the rental unit. If the tenant does not remedy the violation or move, then the landlord can file an eviction lawsuit against the tenant at the end of the 30 days.

Lease automatically may renew on a month-to-month basis unless landlord or tenant gives written notice of non-renewal before the end of the set term. The Page 4 lease usually says how much advance written notice must be given (e.g., 30 days, 60 days, or 90 days) before the end of the set term.

Since the eviction protections expired in Virginia:Your landlord can still give you a notice to quit.Your landlord can file an eviction lawsuit against you.The court may allow the eviction trial to move forward.The court can still issue a new order, judgment, or writ of eviction against you.More items...

How much can a landlord raise the rent? There is no rent control in Virginia. Therefore, there is no limit on rent increases a landlord can impose, but they must give a 30-day written notice of the increase. If a tenant objects to the new rent amount, they have the right to vacate the unit within that 30-day period.

NOTE: Under Virginia law, if you do not have a lease, and you do not pay rent, you are considered a tenant at sufferance. This means you can be evicted for any reason at all, at any time, and no notice needs to be given to you. Under this circumstance you can go from tenant to trespasser very quickly.

RICHMOND, Va. (WWBT) - As the CDC eviction moratorium has been extended until October 2021, Governor Ralph Northam signed a budget bill extending eviction protection until June 30, 2022.

Yes, a lease can automatically renew in Virginia. A lease may include an automatic renewal clause, which renews the lease unless either party gives notice before the end of the lease. Sometimes, this clause will renew the lease for the same period as the original lease.

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Of Agriculture, over 15,000 farms in Virginia lease a total of nearlyhis agreement because the lease term extended beyond the one year limitation. In ...260 pages of Agriculture, over 15,000 farms in Virginia lease a total of nearlyhis agreement because the lease term extended beyond the one year limitation. In ... Tenant also may demand performance of lease by landlord, and may file actionNo unilateral change in the terms of a rental agreement by a landlord or ...214 pages Tenant also may demand performance of lease by landlord, and may file actionNo unilateral change in the terms of a rental agreement by a landlord or ...It has been nearly six months since the District of Columbia, Maryland, and Virginia declared states of emergency in response to the spread ... RA-90 ETPA. Tenant's Complaint of Owner's Failure to Renew Lease and/or Failure to Furnish a Copy of a Signed Lease RECOMMENDED: Complete the ONLINE Application ... Base Rent: In a commercial situation (both office and retail),landlord has zero obligation to renew a lease when the term has expired. If the landlord creates the rules after the tenant moves in, the rules cannot substantially change the lease. Additionally, the rules will be ... In a full-service or modified gross lease, tenants pay only baseIf your landlord included an annual rent increase in your lease terms, ... This document is current as of November 2017, but laws change frequentlytherefore your landlord is raising your rent in a tenancy at-will? When your lease term with a tenant is coming to an end, it's time toAlthough you don't have to change the cost of rent when offering a ... The issue of tenant assignments of leases in bankruptcy is28 To the extent the landlord and the tenant agree to modify the terms of ...

Virginia Modification of a Lease to Extend the Term and Increase the Base Rent

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