This office lease clause is a landlord-oriented electricity clause. It provides a considerable profit center for the landlord and picks up most of the characteristics and issues where the lessee agrees that lessor may furnish electricity to lessee on a "submetering" basis or on a "rent inclusion" basis.
Virginia Profit Maximizing Aggressive Landlord Oriented Electricity Clause
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§ 55.1-1240. The tenant may terminate the rental agreement by vacating the premises and within 14 days thereafter, serving on the landlord a written notice of his intention to terminate the rental agreement, in which case the rental agreement terminates as of the date of vacating.
The landlord may dispose of the property so abandoned as thelandlord sees fit or appropriate, provided he has: (i) given a terminationnotice to the tenant in ance with this chapter, which includes astatement that any items of personal property left in the premises would bedisposed of within the twenty-four hour ...
Virginia law allows a servicemember to terminate a residential lease upon certain conditions. Section 55-248. governs the termination of leases by active duty military personnel. This section applies to all leases even if not specifically and expressly included in the lease.
The Virginia Residential Landlord and Tenant Act (VRLTA), Sections 55-248.2 through 55-248.40 of the Code of Virginia, establishes the rights and obligations of landlords and tenants in the Commonwealth. Only the courts can enforce those rights and responsibilities.
Pursuant to Virginia Code Section 55-248.31, this notice should be used when a tenant fails to pay rent. This notice provides the tenant with an additional five days within which to pay rent.
It's important to note that, while the tenant may be able to break a lease agreement through this method, they may have to pay a reasonable penalty fee established by the landlord. Most of the time, the penalty fee for breaking a lease in Virginia is one or two months of rent.
The owner of any residential building shall maintain adequate records regarding energy submetering equipment, energy allocation equipment, water and sewer submetering equipment, or a ratio utility billing system.