Virginia  |  Real Estate Law

Legal Question

Asked on: 7/28/01, 3:31 pm

Termination obligations when there is no written lease

With one month's rent security deposit, I moved in May 8, 2001. My ''landlord'' delayed having me sign a lease agreement because she was in the midst of refinancing her loan on the property. To date, a lease has never been signed and I am facing job-related relocation in September. My company would like us to work out a ''buy-out'' agreement. What obligations (state laws, ets.), if any, do we face and what would be a typical lease buy-out agreement. Should I expect to get my deposit back?

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