A VRLTA lease is a lease that complies with standards, practices, rules and code set out by the Virginia Residential Landlord Tenant Act. A Common Law lease adheres to Commonwealth codes and other contract law.  If a landlord has have more than 4 properties in the Commonwealth of Virginia, the landlord MUST use a VRLTA lease.

When Nesbitt Realty first started managing properties it was our preference to use a Common Law Lease but following the advise of attorney and subject expert B. Creasy Grimes, almost all of our landlords now elect to use the VRLTA Lease as written by NVAR staff attorneys.

However have you ever wondered exactly what the difference is between the two? We recommend that you seek advice from your attorney after reading this break down prepared by Friedlander for the Northern Virginia Association of Realtors.

Continue reading: VRLTA and common law Differences

Real Estate

Will Nesbitt

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Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey's Defense Language Institute. He is also a "veteran of the dotcom wars" and built most of the sites associated with NesbittRealty.com Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late '90's, and Arthur's Realm, a boardgame available at the Gamecrafter.

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