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2023 SESSION

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SB 1138 Va. Residential Landlord & Tenant Act; rent increase during tenancy does not apply after 1st yr.

Introduced by: Jeremy S. McPike | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Virginia Residential Landlord and Tenant Act; rent increase during tenancy; conditions. Provides that, except for any increase in rent that occurs after the first year of a lease with a term longer than one year, a rental agreement shall not contain provisions that the tenant agrees to pay any increase in rent during the term of a written lease unless such increase is agreed to in a separate, written document signed by the tenant and the landlord that includes (i) the new amount of rent to be charged to the tenant, (ii) the date upon which the rent increase becomes effective, and (iii) any additional terms or benefits to the tenant agreed to as consideration for such increase in rent.


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