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§ 55-248.. Schedule of interest rates on security deposits. A. The interest rate established by § 55-248. varies annually with the annual rate being equal to four percentage points below the Federal Reserve Board discount rate as of January 1 of each year. Section 55-248. - Schedule of interest rates on security deposits ... justia.com ? virginia ? title-55 ? chapter-13.2 justia.com ? virginia ? title-55 ? chapter-13.2
Contracts generally; leases. A. Except as hereinafter provided, on every contract or memorandum thereof relating to real or personal property admitted to record, a recordation tax is hereby levied at the rate of 25 cents on every $100 or fraction thereof of the consideration or value contracted for.
If the landlord willfully fails to deliver possession of the dwelling unit tothe tenant, rent abates until possession is delivered and the tenant may (i)terminate the rental agreement upon at least five days' written notice to thelandlord and upon termination, the landlord shall return all prepaid rent andsecurity ... 2006 Code of Virginia § 55-248.22 - Failure to deliver possession justia.com ? codes ? virginia ? toc5500000 justia.com ? codes ? virginia ? toc5500000
Virginia law requires tenants to provide their landlord with written notice at least 30 days prior to terminating their month-to-month agreement or at least 120 days prior notice for one with no end date. Virginia doesn't require tenants to provide written notice for fixed-end-date leases. Breaking a Lease in Richmond, Virginia ? Know the Laws keyrenterrichmond.com ? virginia-breaking-lease keyrenterrichmond.com ? virginia-breaking-lease
After the lease term has ended, the landlord must provide the security deposits to the tenant within 45 days of them moving out of the property. If the tenant doesn't receive their security deposit within these 45 days, they have the legal right to file a claim, ing to Virginia landlord-tenant laws.
The Virginia Residential Landlord and Tenant Act (VRLTA), Sections 55-248.2 through 55-248.40 of the Code of Virginia, establishes the rights and obligations of landlords and tenants in the Commonwealth. Only the courts can enforce those rights and responsibilities.
In the event of a breach of the rental agreement or noncompliance by the tenant, the landlord shall be entitled to recover from the tenant the following, regardless of whether or not a lawsuit is filed or an order obtained from a court: (i) rent due and owing as contracted for in the rental agreement, (ii) other ... § 55-248.31. Noncompliance with rental agreement; monetary penalty ... justia.com ? virginia ? title-55 ? section-55-248 justia.com ? virginia ? title-55 ? section-55-248
For example, the original tenant might have put holes in the wall to make a new passageway or undertaken other major work on the property. At the end of the lease, the new tenant must fix those issues and return the property to the condition that it was in at the start of the lease.