What are the rights of tenants and landlords under commercial real estate law?

In Virginia, commercial real estate law provides rights for both tenants and landlords. For tenants, the law outlines the tenant’s rights to the use of the property. The tenant is obligated to pay rent and other associated costs, such as taxes, insurance, and utilities. The tenant also has the right to use the property in the manner specified in the lease agreement. A tenant can also seek relief from a landlord if the property needs repairs that are not being addressed. For landlords, the law guarantees the right to receive rent payments from the tenant and the right to have a lease agreement. The lease agreement outlines the terms of the rental, such as the amount of rent, the length of the lease, and the payment schedule. The landlord also has the right to evict a tenant who is not abiding by the terms of the agreement. The law also states that landlords must provide a habitable living space for their tenants and make necessary repairs when needed. Landlords must also protect tenant’s privacy by providing safe and secure access to their property. Overall, commercial real estate law outlines the rights of both tenants and landlords in Virginia. This law is important to ensure that both parties are protected and that the terms of the lease agreement are being followed.

Related FAQs

What are the rights of tenants and landlords under commercial real estate law?

Related FAQs

Related Blog Posts