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1999 SESSION

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990667410
HOUSE BILL NO. 1454 Offered January 13, 1999 Prefiled October 29, 1998 A BILL to amend and reenact § 55-248.42:1 of the Code of Virginia, relating to Manufactured Home Lot Rental Act; renewal of rental agreement. ---------- Patron-- Puller ---------- Referred to Committee on General Laws ----------

Be it enacted by the General Assembly of Virginia:

1. That § 55-248.42:1 of the Code of Virginia is amended and reenacted as follows:

§ 55-248.42:1. Term of rental agreement; renewal.

A park owner shall offer all current and prospective year-round residents a rental agreement with a rental period of not less than one year. Such offer shall contain the same terms and conditions as are offered with shorter term leases, except that rental discounts may be offered by a park owner to residents who enter into a rental agreement for a period of not less than one year. Upon the expiration of a rental agreement, such agreement shall be automatically renewed for a term of one year with the same terms unless the park operator provides written notice to the tenant of any change in the terms of the agreement at least sixty days prior to the termination date. In the event of an automatic renewal of a rental agreement involving a year-round resident, the security deposit initially furnished by the tenant shall not be increased by the park owner nor shall an additional security deposit be required.