ContractsPMAVirginia
VAMid-AtlanticRegulatedMedium Risk

Property Management Agreementin Virginia

A contract between a property owner and management company defining the scope of property management services, fees, and authority to act on behalf of the owner. Virginia's regulated legal climate creates specific considerations for PMA drafting and enforcement.

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Legal Climate
Regulated
Non-Competes
Restricted
Governing Law
Moderate
Key City
Virginia Beach

Virginia Contract Law

Key Legal Fact

Virginia banned non-competes for employees earning at or below average weekly wages under Va. Code § 40.1-28.7:8.

Notable PMA Law

Virginia courts apply a three-part reasonableness test with employer bearing burden to prove enforceability.

Key Clauses to Review

1
Management Fee Structure
Requires Virginia-specific drafting under regulated legal standards.
2
Spending Authority Limits
Requires Virginia-specific drafting under regulated legal standards.
3
Termination Without Cause
Requires Virginia-specific drafting under regulated legal standards.
⚠ Common Issue
Broad spending authority without owner approval thresholds

Major Industries in Virginia

Government/DefenseTechnologyFinanceAgriculture

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