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In the Commonwealth of Virginia, oral contracts are enforceable unless they conflict with the Virginia Statue of Frauds. Oral contracts are valid, lawfully-binding contracts, but they can be difficult to prove- especially when there is a dispute.
Once it is signed by both the landlord and the tenant, the lease is a legally binding contract.
A memorandum of lease is often recorded in connection with a commercial lease. However, it is not required in Virginia to record the lease (or a memorandum of lease) for a lease to be enforceable against third parties with constructive notice of a tenants possession.
If an oral contract misses one or more elements of a valid contract, a court or tribunal will likely rule the agreement to be void and unenforceable. Many states have regulations for certain contracts to be in writing which deems that verbal agreements are insufficient.
Once it is signed by both the landlord and the tenant, the lease is a legally binding contract.
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Sometimes individuals or even businesses agree to enter into a contract orally. These agreements are generally enforceable in Virginia as long as they contain the basic terms of a contract: offer, acceptance, and consideration.
1. Unless non-payment of rent is an issue, or tenant has committed a willful or criminal act which is not remediable and which poses a threat to health or safety, a 30 day written notice to vacate is required to terminate a tenancy and to file an unlawful detainer after the 30 day period. 2.
Generally, recording of the lease protects the tenant against subsequent claims to the property. If the Landowner dies or sells the property during the lease term, a recorded lease helps ensure that the new owner adheres to the lease agreement (if that is specifically stated in the lease).
In commercial properties, the laws are slightly different. Virginia law does not specifically forbid self-help evictions for commercial properties, so it may be possible to evict a commercial tenant by changing locks or shutting off utilities. However, this practice is incredibly risky, and it is not recommended.
I, c. 427. If the landlord does not sign and deliver a written rental agreement signed and delivered to him by the tenant, acceptance of rent without reservation by the landlord gives the rental agreement the same effect as if it had been signed and delivered by the landlord.

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