All Forum Posts by: Julia Yels
Julia Yels has started 2 posts and replied 3 times.
Post: Property Management Agent question Virginia
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I am moving out of state and renting out my house. There is this stipulation in the Virginia landlord tenant law for nonresident property owners. It's confusing. What does the following mean:
B. Every nonresident property owner shall appoint and continuously maintain an agent who (i) if such agent is an individual, is a resident of the Commonwealth, or if such agent is a corporation, limited liability company, partnership, or other entity, is authorized to transact business in the Commonwealth and (ii) maintains a business office within the Commonwealth. Every lease executed by or on behalf of nonresident property owners regarding any such real property shall specifically designate such agent and the agent's office address for the purpose of service of any process, notice, order, or demand required or permitted by law to be served upon such nonresident property owner.
Post: Property Management Inquiry Virginia
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Hey guys, let me throw this curveball. I am moving out of state. There is this stipulation in landlprd tenant law for nonresident property owners. I assume it means that realtor has to execute lease and process escrow securituly deposit. But, its confusing.
B. Every nonresident property owner shall appoint and continuously maintain an agent who (i) if such agent is an individual, is a resident of the Commonwealth, or if such agent is a corporation, limited liability company, partnership, or other entity, is authorized to transact business in the Commonwealth and (ii) maintains a business office within the Commonwealth. Every lease executed by or on behalf of nonresident property owners regarding any such real property shall specifically designate such agent and the agent's office address for the purpose of service of any process, notice, order, or demand required or permitted by law to be served upon such nonresident property owner.
Post: Property Management Inquiry Virginia
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Does Virginia require that a property owner have a property manager for their rental property? Or, just a licensed agent that executes the lease and takes escrow payment? In other words, can I self manage?