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§ 55.1-1400. Applicability; right to terminate tenant

A. As used in this chapter, unless the context requires a different meaning, “nonresidential tenancy” means the rental of any real estate for purposes other than residential use, including business, industrial, or agricultural purposes. B. The provisions of this chapter shall apply to all nonresidential tenancies. The lease or rental agreement controls the landlord-tenant relationship […]

§ 55.1-1401. Appointment of resident agent by nonresident property owner; service of process, etc., on such agent or on Secretary of the Commonwealth

A. As used in this section, “nonresident property owner” means any nonresident individual or group of individuals who owns and leases commercial real property within a county or city in the Commonwealth. B. Every nonresident property owner shall appoint and continuously maintain an agent who (i) if such agent is an individual, is a resident […]

§ 55.1-1403. Perfection of lien or interest in leases, rents, and profits

The recordation pursuant to § 55.1-600, in the county or city in which the real property is located, of any deed, deed of trust, or other instrument granting, transferring, or assigning the interest of the grantor, transferor, assignor, pledgor, or lessor in leases, rents, or profits arising from the real property described in such deed, […]

§ 55.1-1405. Transfer of deposits upon purchase

The current owner of nonresidential rental property shall transfer any security deposits and any accrued interest on the deposits in his possession to the new owner at the time of the transfer of the rental property. If the current owner has entered into a written property management agreement with a managing agent in accordance with […]