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2014 SESSION
HB 273 Virginia Residential Landlord and Tenant Act; changes applicability, security deposits.
Introduced by: G. Manoli Loupassi | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Virginia Residential Landlord and Tenant Act; applicability; security deposits. Changes the applicability of the Virginia Residential Landlord Tenant Act from the ownership of no more than 10 single-family residences to ownership of no more than two single-family residences and makes the application uniform across the state. The bill also authorizes a landlord to expedite the disposition of security deposits under certain circumstances and sets the interest rate (0.00%) on security deposits for 2014. The bill repeals the requirement for a landlord to accrue interest on security deposits, effective January 1, 2015.
SUMMARY AS INTRODUCED:
Virginia Residential Landlord and Tenant Act; applicability; security deposits. Changes the applicability of the Virginia Residential Landlord Tenant Act from the ownership of no more than 10 single-family residences to ownership of no more than two single-family residences and makes the application uniform across the state. The bill also authorizes a landlord to expedite the disposition of security deposits under certain circumstances. The bill repeals the requirement for a landlord to accrue interest on security deposits, effective January 1, 2015.