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Breaking a property lease in Virginia is a serious violation of a contractual lease agreement. For this reason, landlords often penalize their Virginia tenants when they break a lease early. When Can a Virginia Tenant Break Their Lease Agreement Without Penalty? That said, there are certain situations in which tenants can legally break their lease or rental agreement early without penalty. The situations where a renter can break a lease agreement are as follows. 1. Early Termination Clause in the Lease An early lease termination clause in the…

One of the biggest challenges when it comes to investing in real estate is financing the investment property. While various options are available, finding the best one for your specific situation can be overwhelming. The option you choose for financing your property will affect how you price your rental. You want to ensure you can still offer a reasonable rent price to tenants to avoid the risk of vacancy. In this guide, we will discuss some key factors to consider when looking for financing options for your investment property. Factors to Con…

Are you thinking of buying a rental property? Being a landlord can be incredibly lucrative if you get certain things right. Among these is investing in the right property. But what exactly is “the right property” for a first-time investor? Well, for starters, single-family homes are the safest bet. While every investment has its list of pros and cons, single-family homes tend to have the highest positive-to-negative ratios. In today’s guide, we’ll go over why single-family homes are great for new investors. Single Family Homes: What are they?…

Landlords have a right to evict their Virginia tenant for a variety of reasons, including when the tenant fails to pay rent and stop abiding by the terms of the lease or rental agreement. As a Virginia residential landlord, evicting a tenant, however, isn’t as simple as just locking the tenant out of the rental unit or packing up their belongings. That is not only illegal, but a tenant may also file a lawsuit against their landlord for damage. The only way to evict a tenant in Virginia is by filing an eviction lawsuit and receiving a court or…

Renewal screening checks are a crucial step in the property management process for landlords, ensuring that the continued tenancy of existing renters aligns with their rental standards and policies. Use this comprehensive guide to get an in-depth understanding of renewal screening checks, their importance, and how to conduct them effectively. Understanding Renewal Screening Checks Renewal screening checks are evaluations conducted by landlords or property managers before extending a current lease agreement with a tenant. These checks are simi…