Top Rental Markets in Virginia
Dive into Virginia's prime rental markets. Insights on rent prices, income data, sale prices, deposit trends, and livability scores are covered.
Read More »Virginia offers a thriving job market, four complete seasons, and a flourishing economy, which are all reasons why it is a great place to move or invest in rental property. As a landlord, Virginia is the perfect location to own a rental because of the transient population due to the capital being right down the road.
Laws that impact the rental market, landlords, and tenants are constantly being decided in states. Make sure you know what’s on your ballot – find Virginia voting information here.
When it comes to Virginia rental laws, there are a few specifics landlords need to know:
Virginia application fees are capped at $50.
If the applicant fails to rent the unit and the application fee exceeds $35, then landlord must refund the amount in excess of the actual expenses incurred within 20 days of rejection.
You must return your tenant’s security deposit with 45 days of move out. Additionally, landlords must present a copy of the Virginia Landlord-Tenant Handbook to their tenants and have each party sign it.
The following disclosures are required to be in Virginia lease agreements:
Build a Virginia lease agreement with all of the required disclosures in less than 15 minutes.
*Drywall installed during 2001-2008 and exhibits strontium, sulfur, or hydrogen sulfur exceeding acceptable levels under the Consumer Products Safety Commission
There are three sections to a residential lease agreement. The first section outlines the custom details of the contract, such as who’s involved and for what address. Here’s an example Virginia lease agreement listing details found in Section 1:
Below are answers to some of the most commonly-asked questions when it comes to landlord-tenant laws in Virginia:
Renters are not able to withhold rent for any reason in Virginia.
Evicting a tenant in Virginia can take anywhere from 2 to 4 months depending on the reason for eviction.
Virginia is somewhat of a landlord-friendly state because of the lack of rent control laws.
There are four reasons a landlord may file for eviction in Virginia. The four reasons include failure to pay rent, violation of the lease agreement, the end of the lease term, and illegal activity. Depending on the violation, the landlord must give the tenant notice and anywhere from 5 to 21 days to cure their violation.
If the tenant fails to cure or quit, then the landlord may file a complaint with the court, which costs $151. After the complaint is filed, it will be served to the tenant at least 10 days before the hearing.
The hearing must be scheduled no more than 30 days after the complaint was filed.
If the court rules in favor of the landlord, then a writ of eviction will be issued within ten days. The sheriff must then deliver it to the tenant within 15 to 30 days. Once received, the tenant will have 72 hours to move out.
Landlords must give a 30-day notice before asking a tenant to vacate the property.
TurboTenant has utilized many municipal sources, along with official state statutes, in order to compile this information to the best of our ability. However, local laws are always in flux, and landlords and tenants alike should be sure to do their due diligence and consult legal help when it’s needed. We hope the following list can serve as a valuable resource and allow you to succeed as a landlord or tenant in Virginia. Be sure to take proper precautions when it comes to finding the top candidates for your unit by utilizing our online rental application and tenant screening services.
Disclaimer: TurboTenant, Inc does not provide legal advice. This material has been prepared for informational purposes only. All users are advised to check all applicable local, state, and federal laws, and consult legal counsel should questions arise.
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Dive into Virginia's prime rental markets. Insights on rent prices, income data, sale prices, deposit trends, and livability scores are covered.
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