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 state 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.
REQUIREMENTS
Rental Laws: Title 55.1, Chapter 14 (Code of Virginia – Nonresidential Tenancies).
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.
Required Disclosures
- Utility Submetering: Landlords can charge business lessees for submetered utilities if they include them in the lease. These utilities can include sewage, water, natural gas, oil, and electricity. The commercial tenant can ask the landlord to test the energy allocation equipment free of charge every two years (Va. Code § 55.1-1404).
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