Legal Question in Real Estate Law in Virginia

Excessive Rent

I'm a member of a fraternity and we are currently renting a house from another fraternity, we recently realized that the rent we are paying each year is 20% of the value of the total property(land and house). I was wondering if there were any laws in Virginia that forbid excessive rent, because it doesnt seem right that they can charge that much rent on the house.


Asked on 4/10/02, 12:41 am

2 Answers from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Excessive Rent

You will find only in certain jurisdictions like the District of Columbia and New York City

specific municipal ordinances mandating rent control in certain areas of the city under specific circumstances.

You will find no such manifestations of socialistic paternalism in the Commonwealth of Virgina, as far as I am aware.

Read more
Answered on 4/10/02, 8:14 am
Bruce Marshall Durrette, Irvin & Bradshaw, P.L.C.

Re: Excessive Rent

Unfortunately not. But when the lease comes up for renewal your fraternity will be able to make a better informed decision as to its rent and the house it either get more space or pay less rent.

Read more
Answered on 4/10/02, 9:37 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Virginia