Friday, July 18, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB1467: Leases; prohibited covenants.
Chief Patron
Del.
Steve Shannon (D-35)
Steve Shannon
(D-35)
Vienna, VA
Served: 2004–
Progress
 |
Introduced |
 |
Passed Committee |
 |
Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
02/12/2008: Failed to Pass in Committee
Summary
Property and conveyances; leases; prohibited covenants. Prohibits any lease for nonresidential property agreed to, executed or renewed on or after July 1, 2008, that contains a covenant restricting the lessor from entering into additional leases with additional parties that compete with the lessee's lines of business, unless the additional party's intended lines of business are in direct competition with no less than a majority of the lessee's lines of business. The bill provides that a lease in violation of this prohibition shall be deemed a prohibited contract in restraint of trade.
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Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 02/12/2008.
Poll Results
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Bill Text
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