Contributed By McGuireWoods LLP
Rents and lease terms for commercial leases are not typically regulated in any material way. However, note that leases in which a city or county is the landlord are limited to terms of 40 years (except leases of air rights, which may be for 60 years). See Virginia Code § 15.2-2100. Also, creditor’s rights laws may impact certain lease terms, including the imposition of interest, etc.