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Virginia Standard Residential Lease Agreement

A Virginia standard residential lease agreement is a legally binding document used by tenants and landlords to outline the terms of a rental contract. Landlords typically draft the agreement for tenants to review before signing.
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Rental Application – Used by landlords to verify prospective renters’ credit histories and employment.

Required Disclosures (8)

  1. Statement of Tenant Rights and Responsibilities – Tenants must receive a statement of tenant rights within 10 days of moving in.[1]
  2. Defective Drywall – If any drywall on the property is defective, landlords must notify tenants in writing.[2]
  3. Lead-Based Paint Disclosure & EPA Pamphlet – If the property was built before 1978, then landlords must notify tenants that the walls and ceiling could contain lead-based paint.
  4. Methamphetamines Disclosure – If the property was used to manufacture methamphetamines at any point, new tenants must be notified in writing.[3]
  5. Military (Air) Zone Disclosure – If local zoning positions the property within a military air zone, the landlord must notify a new tenant in writing.[4]
  6. Move-in Checklist – Within five days of the tenant moving in, the landlord must provide a move-in checklist for both parties to sign, which details any existing damages to the property. The checklist must indicate whether or not there is mold on the property. If there is, the tenant can terminate the lease.[5]
  7. Electronic Notices – If the landlord wishes to send notices electronically, this must be stated in writing in the lease agreement.[6]
  8. Ratio Utility Billing – If utility meters are shared with adjacent properties, the landlord must specify in writing how charges are calculated and allocated.[7]

Security Deposit Laws

Maximum Amount – Up to two months’ rent.[8]

Returning – Security deposits must be returned within 45 days of the agreement terminating or when the tenant vacates the unit, whichever occurs later.[8]

Rent Payment Laws

Grace Period – Five days.[9]

Maximum Late Fee – Up to 10% of the monthly rent or 10% of the unpaid balance.[10]

NSF Fee – Landlords can charge up to $50 as penalty for a bad check.[11]