Listing Agreement For Rental Property In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-00440BG
Format:
Word
131 downloads

Description

The Listing Agreement for Rental Property in Fairfax outlines the exclusive rights granted to a broker or realtor to sell or exchange real property. This legally binding document begins with the owner designating the broker and specifying the property description, along with the sales price and terms of sale. Key features include the commission structure for the broker, which is a percentage of the sale price, and clauses that address the owner’s obligations, such as curing title defects. The form also contains general provisions, including the owner's rights to refuse offers and the authority for the broker to market the property. It serves as a practical tool for various professionals such as attorneys and paralegals, who can assist clients in understanding their rights and responsibilities in real estate transactions. Additionally, it is beneficial for property owners who seek clarity on commission structures and the marketing process. Legal assistants can aid in filling out the form accurately, while associates and partners involved in real estate can utilize this agreement to streamline property sales. Overall, the form is essential for ensuring that all parties are aligned and protected throughout the rental property leasing process in Fairfax.
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  • Preview Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate
  • Preview Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate

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FAQ

The ADU Program establishes maximum household income limits at 50 and 70 percent or less of the Area Median Income (AMI) for rental ADUs and at 70 percent or less of the AMI for for-sale ADUs. The 2024 AMI for a household of four is $154,700 as set by the US Department of Housing and Urban Development.

The Workforce Dwelling Unit (WDU) Rental Program provides qualified households with low- and moderate-income the opportunity to live at a reduced rent in privately owned and privately managed market-rate apartment communities located throughout Fairfax County.

The Community Health Improvement Plan (CHIP) is an action-oriented plan to make the Fairfax community a healthier place to live. The plan focuses on three health issues: Healthy Eating, Healthy Environment and Active Living, and Behavioral Health.

The Affordable Dwelling Unit Program was established when the Fairfax County Board of Supervisors approved the Affordable Dwelling Unit Ordinance in July 1990. The ADU Program is established to assist in the provision of affordable housing for persons of low and moderate income.

Starting July 1, 2020, all landlords must offer the Statement of Tenant Rights and Responsibilities to any prospective tenant. Both the landlord and tenant must sign a form at the end of the statement acknowledging that the tenant has received from the landlord the statement of tenant rights and responsibilities.

Fairfax County: In Fairfax County, landlords are not typically required to obtain a business license for a single rental property. However, if the rental property is part of a larger rental business with multiple units, a business license might be required.

Permits are typically required for the following projects: alterations to existing commercial structures; commercial structures; carport enclosures; decks; demolition; electrical systems; finished basements; garages and sheds; HVAC systems; mobile homes; plumbing systems; pools, spas and hot tubs; renovations; ...

The tenancy agreement should include: the deposit amount and how it will be protected. when the deposit can be fully or partly withheld, for example to repair damage caused by tenants. the property address. the start and end date of the tenancy. any tenant or landlord obligations. which bills your tenants are responsible for.

In Virginia, the requirement for a business license to rent out property depends on the specific county or city. Some localities require business licenses for rental properties, especially if the rental income exceeds a certain threshold or if the landlord owns multiple properties.

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Listing Agreement For Rental Property In Fairfax