This office lease form states that the Landlord shall not lease or sublease any other space in the building, during the term of the lease or any renewal to any party that can reasonably be deemed a competitor of Tenant.
Virginia Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors
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toyear tenancy in a nonresidential rental property may be terminated by either party giving three months' notice, in writing, prior to the end of any year of the tenancy, of his intention to terminate the same.
§ 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.
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.
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.
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.
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 ...
Applicability; right to terminate tenant. A. As used in this chapter, unless the context requires a different meaning, "nonresidential tenancy" means the rental of any real estate for purposes other than residential use, including business, industrial, or agricultural purposes.
