Accurate Credit Bureau Landlord Tenant Laws and Regulations Virginia

Virginia Tenant Screening and rental apllications for Virginia Landlords
Security Deposit:
Security Deposit Maximum: Equal to 2 month’s rent

Security Deposit Interest: 4 percentage points annually below the Federal Discount Rate (FDR) as of Jan 1st. Only applicable if a security deposit has been held for 13 months or longer, and there has been continuous occupancy of the same unit. If FDR is less than 4%, on Jan 1st, then no interest is due that year.
Separate Security Deposit Bank Account: No statute
Pet Deposits and Additional Fees: No statute
Deadline for Returning Security Deposit: 45 days
Record Keeping of Deposit Withholding’s: 2 years
Lease, Rent & Fees:

Rent Increase Notice: unknown
Late Fees: unknown
Prepaid Rent: Must be stored in an FDIC insured escrow account
Returned Check Fees: $50 plus other costs of collection and attorney’s fees
Tenant Allowed to Withhold Rent for Failure to Provide Essential Services (Water, Heat, etc.): Yes
Return of Application fee if applicant is rejected: 10 days certified funds, 20 days personal check (minus expenses – such as the cost of a credit report)
Landlord Allow to Recover Court and Attorney’s Fees: Yes
Notices and Entry:

Notice to Terminate a Rental Lease – Yearly Lease: 3 months prior to end of lease
Notice to Terminate a Rental Lease – Month-to-Month: 30 days – or less if both parties agreed to a shorter notice period in the lease.
Notice of date/time of Move-Out Inspection: No Statute
Lease Termination for Nonpayment: 5 days to pay or quit – tenant loses of possession
Lease Termination for Lease Violation: No less than 30 days to quit – 21 days to remedy
Required Notice before Entry: 24 hours
Entry Allowed with Notice for Maintenance and Repairs (non-emergency): Yes, 24 hours notice
Entry Allowed During Tenant’s Extended Absence:In excess of 7 day absence, unannounced reasonable entry is allowed
Notice to Tenants for Pesticide Use: 48 hours
Emergency Entry Allowed without Notice: Yes, within reason

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