Virginia Commercial Lease Agreement
The Virginia Commercial Lease Agreement is a legally binding document that outlines the contractual terms between a landlord and a business tenant for a specified duration, usually ranging from three (3) to five (5) years. By selecting one of three options—Triple Net, Gross, or Modified Gross lease—the lease can cater to various commercial property arrangements.
Elements such as rent structures, lease duration, renewal options, and property maintenance should be considered when crafting a commercial lease. A thorough understanding of state-specific laws and industry practices can help create a comprehensive and mutually beneficial contract between the landlord and the business tenant.