A Virginia Commercial Lease Agreement is a legal document used for renting commercial properties, such as industrial, retail, or office spaces, to business entities in Virginia. This agreement outlines the terms, conditions, and obligations of both the landlord and tenant. It is essential to understand the specific rights and responsibilities under Virginia law to ensure a clear and enforceable contract.
Virginia Business Entity Search: Landlords can verify the tenant’s business credentials via Virginia’s State Corporation Commission Clerk website.
Jurisdiction: According to VA Code § 8.1A-301, parties can agree to apply either Virginia’s law or the law of another state or nation, provided the transaction has a reasonable connection to the chosen jurisdiction.