Virginia Association of Realtors Residential Lease Agreement (Form 200) .pdf – This official lease contains all the statutes necessary to fully comply with the state`s rental laws. The form consists of fourteen (14) pages and is in-depth both in the topics covered and in the protection measures it offers to owners. It is recommended for owners who do not wish to modify an existing model. Sublease Agreement – The action of a tenant who chooses someone else to use their leased space while agreeing with the landlord. This type of lease agreement must normally be approved by the lessor. Virginia Residential Rental Lease Agreement. This is a standard lease agreement for Virginia. For a custom rental agreement tailored to your specific situation, use the rental widget above. Interest must be added if the tenant has occupied the unit for at least 13 months with continuous occupancy at a rate 4% below the Federal Reserve Board`s discount rate on January 1 of each year. The deposit rules do not apply to detached houses whose owners are natural persons and which do not own more than 10 rental units. There is no law requiring a landlord to deposit the money into a separate bank account. Current legislation and dispute resolution. It was agreed by both parties that the State of Virginia was the law applicable to this treaty for its celebrations, dispute settlement, including the exclusion of the laws of other states.
First, disputes relating to this Agreement shall be settled by arbitration. The losing party shall bear the costs of the proceedings and other legal costs, without the arbitral award due to the winning party.