Join code in the Virginia Lease Agreement

Aug 6th, 2022
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How to join code in the Virginia Lease Agreement

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All right, the topic of todays video is the lease agreement or the lease contract. In my next video were actually gonna discuss the different types of lease agreements that are out there, but today were just gonna deal with the lease agreement in its general sense. So what is a lease contract or a lease agreement? First thing you have to know is a lease contract and a lease agreement mean the same thing, that those two terms are used interchangeably. The other thing that you have to know is a lease contract is between the lessor and the lessee. The lessor is the landlord or the third party property manager, and the lessee is the tenant. And the lease can be verbal or it can be written. Now, there is a caveat to that. There is a law called the statute of frauds. Youre gonna have to know that for your real estate licensing exam. Every state has their own set of statute of frauds, and the statute of frauds in most states say that if a lease is greater than one year, then it must be in

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Non-renewal of lease after the end of the rental period As long as the tenant does not violate any rules, they can stay until their rental period ends. However, a tenant can be evicted if they stay in the property even a day after their written lease ends (and have not arranged for a renewal).
A Virginia month-to-month rental agreement, or tenancy-at-will, is a lease contract that allows a tenant to stay on the property and pay rent until either the landlord or tenant decides to end the tenancy by providing the required notice.
Periodic tenancy; holdover remedies. A. The landlord or the tenant may terminate a week-to-week tenancy by serving a written notice on the other at least seven days prior to the next rent due date.
A tenancy from month to month may beterminated by either party giving 30 days notice in writing, prior to thenext rent due date, of his intention to terminate the same.
If any tenant or lessee of commercial or other nonresidential premises, being in default in the payment of rent, shall so continue for five days after notice, in writing, requiring possession of the premises or the payment of rent, such tenant or lessee shall thereby forfeit his right to the possession.
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.
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.
At the termination of the term of tenancy, whether by expiration of the rental agreement or by reason of default by the tenant, the tenant shall promptly vacate the premises, removing all items of personal property and leaving the premises in good and clean order, reasonable wear and tear excepted.

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