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Rental Basics in Reston : Real Estate Advice

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Activity 2
Wed Sep 8, 2010
John Fitzgerald answered:
Outside of the City of Baltimore, where ground rent is common, residential property ground rent is very rare here. The only residential development of which I know that pays ground rent around here is the River Place co-operative in North Arlington.

Ground rent is commonly paid to mall and shopping center developers by retailers and other occupants of malls and shopping centers. Sometimes, public storage facilities pay ground rent to property owners. Penalties for not paying vary, depending on the terms of the ground lease. I know of no legal restrictions on commercial ground rents in Virginia. You should consult a real estate attorney with commercial property experience for details. This is just an overview.
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Thu Nov 20, 2008
Glenda Cherry answered:
It depends on the condition, of course, but other townhouses in the neighborhood have recently rented for $1,900 and $2,000.
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