This office lease form is an audit provision by the tenant. The landlord shall provide to the tenant with calculations of costs and detailed along with the average building occupancy for the year. The tenant shall have the right, at its own cost and expense to audit or inspect the landlord's detailed records each year with respect to building operating costs, as well as all other additional rent payable by the tenant pursuant to the lease for any lease year.
Virginia Tenant Audit Provision - Pro-Tenant Perspective
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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.
If the tenant refuses to allow lawful access, the landlord may obtain injunctive relief to compel access, or terminate the rental agreement. In either case, the landlord may recover actual damages and reasonable attorney fees.
In the event of a breach of the rental agreement or noncompliance by the tenant, the landlord shall be entitled to recover from the tenant the following, regardless of whether or not a lawsuit is filed or an order obtained from a court: (i) rent due and owing as contracted for in the rental agreement, (ii) other ...
55-222. Notice to terminate a tenancy; on whom served; when necessary. A tenancy from year to year may be terminated by either party giving threemonths' notice, in writing, prior to the end of any year of the tenancy, ofhis intention to terminate the same.
HB 1542 (Security Deposits) increases the length of time that landlords have to provide tenants with an itemization of damages to the premises and the cost of repair when damages exceed the amount of the security deposit. This time period is increased from 15 to 30 days under Virginia Code §55.1-1126.
A tenant may request a copy of his tenant records in paper or electronic form. If the rental agreement so provides, a landlord may charge a tenant requesting more than one copy of his records the actual costs of preparing copies of such records.
§ 55-248.. Schedule of interest rates on security deposits. A. The interest rate established by § 55-248. varies annually with the annual rate being equal to four percentage points below the Federal Reserve Board discount rate as of January 1 of each year.
If your landlord doesn't make necessary repairs and you want to take them to court: Your right (VA Code § 55.1-1244): You can file a lawsuit called a Tenant's Assertion against your landlord and ask a court to order them to make necessary repairs and/or return rent money to you, or terminate your lease at your request.