A Virginia standard residential lease agreement is a commonly used rental instrument whereby a landlord and tenant record a tenancy for housing purposes. Though terms may vary, the document typically contains information regarding monthly rental payments, security deposits due at signing, and general rules like pet policies or allowable occupants. Before selecting a tenant, the landlord may vet prospective renters by utilizing background check services — many of which are available online. Doing so reveals the potential renter’s financial and credit history in order to determine whether they would be responsible for monthly rents. Upon choosing a viable person, the landlord shall complete and execute the contract under Virginia state law. A standard lease typically lasts one (1) year, notwithstanding any renewal options.
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