Legal Question in Landlord & Tenant Law in Virginia
Minimum Timely Notice
What is the minimum time required in Virginia for a Landlord or Tenant to give notice of either a change in the lease agreement or vacating the premises when the lease pertains to commercial property? There is no time limit provided in the lease. A Hold Over clause provides that the old lease provisions will remain in effect on a year to year basis in the absence of a new written agreement or the Landlord's acquiescence. I hold that due to the nature of my business, timely notice is necessary to find new premises and have them ready to move into before a new agreement would take effect, in case I could not agree to the new provisions.
Are there any statutory time limits that protect the Landlord and/or Tenant in the event none are provided for in the lease agreement?
1 Answer from Attorneys
Re: Minimum Timely Notice
There are no such time frames specified in Title 55
of the Code of Virginia which are applicable to commercial property leases, as far as I am aware.
Therefore, whatever the commercial lease states with respect to the issue, or can be reasonably interpreted therefrom, should control.