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2023 SESSION

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SB 941 Virginia Residential Landlord and Tenant Act; security deposits.

Introduced by: Ghazala F. Hashmi | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Virginia Residential Landlord and Tenant Act; security deposits. Provides that if a tenant is present for a move-out inspection, there are no damages to the dwelling unit beyond normal wear and tear based upon such inspection, and the tenant does not owe any rent to the landlord as of the date of such move-out inspection, the landlord shall refund the entirety of the security deposit to the tenant within 15 business days of the date of such move-out inspection. Such refund shall be returned to the tenant electronically, in person, or by mail at a forwarding address provided by the tenant.

SUMMARY AS INTRODUCED:

Virginia Residential Landlord and Tenant Act; security deposits. Decreases from two months' periodic rent to one month's periodic rent the maximum amount a landlord may collect from a tenant for a security deposit, damage insurance premium, or a combination of both. The bill provides that a tenant may request to be present at a final inspection of the dwelling unit on or immediately before the date the tenant vacates the dwelling unit and requires the landlord to refund the entirety of the security deposit within five days of the inspection if (i) the tenant is present for the final inspection, (ii) there are no damages to the dwelling unit beyond normal wear and tear, and (iii) the tenant does not owe any rent as of the date of the inspection.