Virginia Code 55.1-1602: Certain covenants of lessee “to pay the rent” and “to pay the taxes.”
Current as of: 2023 | Check for updates
|
Other versions
In a lease, (i) a covenant by the lessee “to pay the rent” shall have the effect of a covenant that the rent reserved by the lease shall be paid to the lessor, or those entitled under the lessor, in the manner stated in the lease, and (ii) a covenant by the lessee “to pay the taxes” shall have the effect of a covenant that all the taxes, levies, and assessments upon the demised premises, or upon the lessor on account thereof, shall be paid by the lessee or those claiming under the lessee.
Terms Used In Virginia Code 55.1-1602
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Code 1919, § 5178; Code 1950, § 55-76; 2019, cc. 11, 49, 712; 2020, c. 592.