What types of rental agreements are legally binding?

In Virginia, rental agreements are legally binding contracts between landlords and tenants. The two types of rental agreements are written leases and periodic tenancies. A written lease is a long-term agreement, usually for a period of one year or more. It sets out the rules for the entire lease period and cannot be changed without both the landlord and tenant agreeing. The agreement covers issues like the amount of rent, the length of the lease, and what rules the tenant must follow regarding the property. The written lease also defines the tenant’s rights and obligations during the lease period. A periodic tenancy is a rental agreement that is renewed every month or year, depending on the terms of the agreement. This means that the tenant can end the tenancy at any time by giving the landlord the required amount of notice, such as 30 days. The agreement also covers the same issues as the written lease, but it may also include less strict rules regarding things like pet ownership and making changes to the property. Both written leases and periodic tenancies are legally binding contracts and must be honored by both the landlord and tenant. The landlord cannot change the terms of the agreement without the tenant’s consent and the tenant cannot violate the terms without consequences. If either party fails to abide by the agreement, it is a violation of Virginia’s leasing law and either party can take legal action.

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