Who needs a Virginia Common Law Lease Form?
This form is completed by the parties to the real estate leasing transaction — Landlord and Tenant, and their respective agents. This form is only appropriate in cases when the decision has been made to use a standard agreement not governed by the Virginia Residential Landlord And Tenant Act.
What is Common Law Lease Form for?
The Common Law Lease Form is used to record the real estate leasing transaction in the State of Virginia. The document specifies the terms and conditions of the transaction, guarantees individual rights of the parties and determines their responsibilities and obligations.
Is Common Law Lease accompanied by other forms?
In respect to this lease agreement provisions, Landlord must provide a Lead Based Paint Disclosure, if the property was built before 1978.
When is Common Law Lease due?
The lease contract is to be signed before Tenant moves in. The rental contract is to be signed before Tenant moves in. Unless other is specified, the duration of the agreement is 12 months.
How do I fill out Common Law Lease Form?
The standard lease form requires identifying the following provisions:
- The names of the both parties
- Premises
- Lease term
- Rent amount
- Management
- Landlord’s designated agent
- Utilities
- Services
- The amount of security deposit
- Whether pets are allowed
- Tenant’s responsibilities, etc.
The completed lease agreement must be dated and signed by Landlord and Tenant(s)
Where do I send Common Law Lease Form?
Two copies of the lease agreement are signed by both parties; one copy is retained by the landlord, and the other is for the tenant. This document can be addressed in the case of a dispute, failure to follow the provisions. In this respect, it should be kept to the end date.
