Virginia Residential Rental Lease Agreement

State:
Virginia
Control #:
VA-864LT
Format:
Word; 
Rich Text
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Overview of this form

The Residential Rental Lease Agreement is a legally binding document between a landlord and tenant outlining the terms of renting a residential property. This form is designed for a specific rental period, such as six months or one year, and includes customizable provisions to suit individual agreements. It differs from other lease agreements by emphasizing the specific regulations applicable in Virginia, ensuring both parties understand their rights and responsibilities.


Key components of this form

  • Grant of Lease: Establishes the rental terms and the property being leased.
  • Term of Lease: Specifies the duration of the lease agreement.
  • Security Deposit: Details the amount required and conditions for its return.
  • Rent Payments: Outlines the rent amount, due dates, and acceptable payment methods.
  • Obligations and Duties: Lists responsibilities of both landlord and tenant regarding property maintenance and legal compliance.
  • Consequences of Breach: Explains the actions that can be taken if lease terms are violated.
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When to use this form

This Residential Rental Lease Agreement should be used when a landlord wants to rent out a property to a tenant for a specific period. It's applicable for situations such as leasing a single-family home, apartment, or any rental residence where both parties need clear guidelines on rental terms, payment obligations, and property upkeep. The form ensures clarity and legality in the landlord-tenant relationship.

Who should use this form

  • Landlords looking to formally rent a residential property.
  • Tenants seeking a structured rental agreement with clear terms.
  • Property management companies acting on behalf of property owners.
  • Individuals or businesses that are renting their properties to others.

How to prepare this document

  • Identify the parties: Enter the names and addresses of the landlord and tenant(s).
  • Specify the property: Fill in the address and details of the rental property.
  • Enter rental terms: Clearly define the lease duration, monthly rent amount, and payment due dates.
  • Detail security deposit: State the amount of the security deposit and conditions for its return.
  • Review obligations: Ensure both parties understand and agree to their respective responsibilities outlined in the lease.

Does this form need to be notarized?

In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.

Typical mistakes to avoid

  • Failing to include the rental property address or providing incorrect information.
  • Not specifying the payment methods or due dates for rent.
  • Overlooking the calculations for prorated rent during the lease start.
  • Neglecting to outline both parties' obligations, leading to misunderstandings.

Why use this form online

  • Convenience: Download and complete the form anytime, anywhere.
  • Editability: Customize clauses to fit specific rental arrangements.
  • Reliability: Access forms created and reviewed by licensed attorneys.

Quick recap

  • This form is essential for establishing a clear and legal rental agreement.
  • It covers vital elements like security deposits, rent payments, and obligations.
  • Utilizing this form can minimize potential disputes between landlords and tenants.

Key terms explained

  • Lessor: The landlord or property owner leasing the property.
  • Lessee: The tenant or individual renting the property.
  • Security Deposit: A sum of money held by the landlord for damages or unpaid rent.
  • Prorated Rent: A calculation of rent due based on the number of days of occupancy during the first month.

Form popularity

FAQ

Yes. All owners do not need to sign. One owner can represent all the owners, just as a property manager represents the owner of the apartment complex or the property owners. The only time all owners would need to sign is if they were selling the property.

Typically, a rent agreement is prepared by the real estate agent hired by the landlord and the tenant. To validate the agreement, both the landlord and the tenant ought to sign the agreement in the presence of two people who are non-beneficiaries of the property and will sign on the agreement as witnesses.

The Lease Must be in Writing It does not matter if the lease is handwritten or typed.

No, standard residential lease agreements do not need to be notarized in Virginia. As long as the lease is signed by at least one party and meets the requirements to be legally binding, it is enforceable.

1. Names of Tenants. Every adult who lives in the rental unit, including both members of a married or unmarried couple, should sign the lease or rental agreement and be explicitly named as tenants.

No, standard residential lease agreements do not need to be notarized in Virginia. As long as the lease is signed by at least one party and meets the requirements to be legally binding, it is enforceable.

The difference between lease and rent is that a lease generally lasts for 12 months while a rental agreement generally lasts for 30 days.That means the landlord can't raise the rent without your written consent or evict you without cause, and you can't stop paying rent or break the lease without consequence.

When one person gives another permission to sign a legally significant document on his behalf, the signer is essentially acting as an authorized representative for the other person.This means that you cannot sign other documents on his behalf based on his permission to sign just the lease.

A lease can be written or verbal, but a verbal lease can be very difficult to enforce.Most leases are fairly standard and cover basic components such as rent amount, duration of lease term, resposiblities of each party and penalties for not following the terms.

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Virginia Residential Rental Lease Agreement