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1997 SESSION

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HB 2740 Residential Landlord and Tenant Act; rental agreements.

Introduced by: Shirley F. Cooper | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Residential Landlord and Tenant Act; rental agreements. Provides that nothing in the Virginia Residential Landlord and Tenant Act shall be construed to invalidate a charge for the late payment of rent provided that the late charge is expressed in the rental agreement and does not exceed an amount equal to 10 percent of the amount of the monthly rent or exceeds 10 percent in an amount determined by a court to be reasonable.


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