
Springfield Town Center’s Farmers Market

Real estate tips, ethics, law, anecdotes and definition of terms.


The Torpedo Factory condos are very close to the Torpedo Factory Art Center and as such are found in one of the most desirable locations in Northern VA. The Torpedo Factory is within walking distance of numerous restaurants, the waterfront, King Street and the King St. Trolley.
The roof lines and architectural details of the Torpedo Factory are very appealing, and as you can see the grounds are very well-kept. Following an Old Town tradition, the walkways in the Torpedo Factory condo community are not concrete, but rather are paved with bricks.
In the summer, annuals and crepe myrtles blossom around every corner. Ever wonder what's in those dormers at the Torpedo Factory?
Solitude from a busy world.
For more information or to set up an appointment call Stuart at (703)765-0300.
To stand-out from other Metrobuses and other area bus lines, REX buses are purple-blue with a golden yellow logo featuring the image of a running lion. The lion references the three lions emblazoned on the Fairfax County seal, which references the family crest of Lord Fairfax. Bus stop signs use the same color scheme, and stand out among the other bus stops along Route 1.



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About the Author --- Will Nesbitt is the principal broker of Nesbitt Realty and maintains Condo Alexandria. Will specializes in condos, townhouses and single family residences in Alexandria, Arlington, Fairfax County, Crystal City, and Kingstowne. Will resides in Belle Haven Estates just outside Alexandria VA in Fairfax County. |

I should know the answer to this question but does the 2 year lease actually assure me of rental income for that time period? In other words, if the tenant breaks the lease after 12 months do I have any financial recourse/protection or do I simply take my losses and start looking for another tenant?
Yes . . . and no. The way our leases (and most leases in the Commonwealth of Virginia) are written, the lease is structured so that the tenant is agreeing to pay a large sum of money for a fixed period of occupancy. That large sum is then divided into monthly payments. For example, if the monthly rent is $1,000 then a tenant is promising to pay $12,000 for a one year lease. For a two year lease of the same property the tenant is agreeing to pay $24,000 but will make monthly payments of $1000. The promise is to pay $12,000 not to pay $1,000 per month and this is an important distinction in the law because it means that if the tenant breaks the lease he is still obligated to pay the entire lease amount. But here's where it gets a little complicated. If the tenant breaches his contract and defaults on the lease, then the landlord can sue and recover the entire amount left on the lease from the tenant. At the same time, the landlord is obligated to attempt to mitigate his damages. That means that if the tenant does breach the lease the landlord must try to find a replacement tenant. However, the tenant is responsible for all the landlord's damages. For example, if there is an expense for finding a new tenant, the old tenant must pay that cost. If there is any vacancy between the tenants, the old tenant must pay that to cover the landlord's loss. And a court will back the landlord up to that point. However, if and when a new tenant is identified then the tenant is off the hook for any further debt which may be left on the lease. The court will not allow the landlord to let a property sit vacant just because the tenant breached a lease. So the tenant has an obligation to find a new tenant and to minimize vacancy and to pay for any vacancy. But the landlord has an obligation to mitigate his damages. In theory the tenant has obligated himself to pay two years of rent, but in reality things happen and we already have established practices to extract a tenant from a lease. For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.