This form is a Prospective Licensee Letter Agreement for use with a prospective licensee who has expressed an interest in acquiring a license for using a particular tachnology or idea owned by the company submitting the letter.
Virginia Prospective Licensee Letter Agreement
State:
Multi-State
Control #:
US-TS8062
Format:
Word;
PDF;
Rich Text
Instant download
Description
How to fill out Prospective Licensee Letter Agreement?
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FAQ
RENT AND FEES Under the VRLTA , § 55.1-1203, an application fee is nonrefundable and cannot be more than $50.00.
Any real estate licensee who acts for or represents a client in an agency relationship in a residential real estate transaction shall either represent such client as a standard agent or a limited service agent.
After the lease term has ended, the landlord must provide the security deposits to the tenant within 45 days of them moving out of the property. If the tenant doesn't receive their security deposit within these 45 days, they have the legal right to file a claim, ing to Virginia landlord-tenant laws.
For the purposes of this chapter, "real estate salesperson" means any individual, or business entity, who for compensation or valuable consideration is employed either directly or indirectly by, or affiliated as an independent contractor with, a real estate broker, to sell or offer to sell, or to buy or offer to buy, ...
Real Estate Brokers, Sales Persons and Rental Location Agents.
"Real estate broker" means any individual or business entity, including a partnership, association, corporation, or limited liability company, who, for compensation or valuable consideration, (i) sells or offers for sale, buys or offers to buy, or negotiates the purchase or sale or exchange of real estate, including ...
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.
This money goes towards the cost of credit checks, rental history, and background checks that your landlord or management company runs before accepting you as a renter. On average, an application fee runs between $40 to $100 per renter.
Through Virginia law, landlords may charge no more than $50 for a nonrefundable application fee, which includes screening. In addition to the nonrefundable application fee, landlords may collect a separate application deposit and security deposit no higher than two months' rent (Va. Code Ann. § 55.1-1204).
In the case of a residential transaction, a licensee engaged by a buyer shall disclose to a seller whether or not the buyer intends to occupy the property as a principal residence.
