American Real Estate Journal

VA · Researched October 7, 2026

Virginia rules for property managers

The Virginia Residential Landlord and Tenant Act (VRLTA) applies to all residential rentals and changes almost every year. Key numbers today: 14-day pay or quit, deposits capped at two months' rent and returned in 45 days, late fees capped at 10%, and application fees capped at $50 plus third-party costs. Several 2026 laws take effect in 2027, including a 90-day rent increase notice and a required payment plan offer for landlords with more than four units.

Licensing to manage rentals in Virginia

Checked against the official source
License required to manage for others?
yes. Real estate broker license (salespersons work under a broker; business entities need a firm license)

A real estate broker includes anyone who, for compensation, leases or offers to lease, or rents or offers for rent, real estate for others. Property management companies need a firm license and licensed brokers or salespersons.

Exemptions

Owners or lessors and their regular employees managing their own property, attorneys, receivers and trustees, corporations managing only their own commonly owned rental housing, and tenants paid referral fees.

Money

Security deposit limit
Two months' periodic rent.

The cap also covers combined deposit and damage or renter's insurance premiums charged before move-in.

Va. Code §§ 55.1-1226(A), 55.1-1208(A)(7)Checked against the official source
Deposit return deadline
Within 45 days after the tenancy ends or the tenant vacates, whichever is later.

Give a written itemization of deductions with any refund. With multiple tenants, issue one check payable to all, sent to a forwarding address one of them provides. Keep move-in and move-out records for each tenant.

Va. Code § 55.1-1226Checked against the official source
Deposit interest and holding rules
No interest required. Licensed managers must hold deposits in an escrow account.

A real estate licensee must place security deposits in escrow by the end of the fifth business banking day after receipt. Unclaimed deposits can go to the State Treasurer after one year.

Va. Code §§ 55.1-1226(B), 54.1-2108.1(B)Checked against the official source
Late fees
Only if in the written lease; capped at the lesser of 10% of rent or 10% of the unpaid balance.

Without a written lease, rent is late after the 5th. Landlords may not charge payment processing fees unless a fee-free payment option is offered.

Va. Code § 55.1-1204(C), (E), (J)Checked against the official source
Application and screening fees
Application fee capped at $50 plus actual third-party screening costs ($32 for HUD-regulated units).

Refund unused application deposits within 20 days (10 days for cash-type payments when you reject). From July 1, 2027, you must disclose fees, screening criteria, and automatic denial criteria before collecting any payment or information.

Va. Code § 55.1-1203Checked against the official source
Rent increase notice
Landlords with more than four units: 60 days before lease end (90 days starting July 1, 2027).

From July 1, 2027, the increase notice must also give a renewal decision deadline at least 30 days out, and nonrenewal notice stays at 60 days. Mid-lease changes need written consent of both parties.

Va. Code § 55.1-1204(I), (K)Checked against the official source
Rent control
No statewide rent control.

The VRLTA applies in every jurisdiction and localities may not waive or modify it. We did not confirm whether any other statute addresses local rent caps.

Va. Code § 55.1-1201(A)Secondary source

Notices and eviction

Notice for unpaid rent
14-day written notice to pay or the lease ends.

Bounced checks and reversed payments also get a 14-day notice. From July 1, 2027, landlords with more than four units must offer a payment plan in the notice when the debt is one month's rent or less.

Va. Code § 55.1-1245(F)Checked against the official source
Notice for lease violations
30-day notice with 21 days to cure; 30 days with no cure if not remediable.

Criminal or willful acts that threaten health or safety allow immediate termination, with a hearing within 15 days of service. A repeat breach of a like nature after a prior cure allows a 30-day notice with no cure.

Va. Code § 55.1-1245(A)-(E)Checked against the official source
Ending a month-to-month
30 days before the next rent due date (7 days for week-to-week), unless the lease says otherwise.

Owners not renewing 20 or more (or 50%) of month-to-month tenancies in a multifamily property within 30 days must give 60 days' notice.

Va. Code § 55.1-1253Checked against the official source
Eviction timeline
Initial hearing within 21 days of filing (30 days at most); the sheriff gives 72 hours' notice before executing the writ.

Serve the unlawful detainer summons at least 10 days before the return date. An order of possession stays valid for 180 days, and the writ should be executed within 15 days after the sheriff receives it and no later than 30 days after it issues. A tenant stops a nonpayment eviction by paying all rent, damages, fees, and costs at least 48 hours before the scheduled eviction, unless the case also rests on other grounds.

Va. Code §§ 8.01-126, 8.01-470, 55.1-1250Checked against the official source
Abandoned property
May dispose of property 24 hours after termination if the notice warned of it, or after a separate 10-day notice.

Notice options: include the warning in the termination notice, in a 7-day abandonment notice, or in a separate notice giving 10 days plus 24 hours. The tenant may retrieve items at reasonable times until disposal.

Va. Code § 55.1-1254Checked against the official source

Access and condition

Landlord entry
Reasonable notice at reasonable times; 72 hours' notice for routine maintenance the tenant did not request.

Emergencies are excepted. Tenants may not unreasonably refuse entry to inspect, repair, or show the unit. Routine maintenance must happen within 14 days of the notice.

Va. Code § 55.1-1229Checked against the official source
Repairs and habitability
Keep premises fit and habitable, meet codes, maintain systems, and prevent and remediate mold.

Tenants can raise conditions as a defense, pay rent into court escrow, or use a statutory repair remedy after notice. Landlords cannot charge tenants maintenance or repair fees unless the tenant caused the problem.

Required disclosures
Statement of Tenant Rights and Responsibilities, fee itemization on page one, move-in inspection report, mold, and other condition disclosures.

Give a move-in damage report within 5 days of occupancy. Disclose visible mold, sale of the property, nearby military air installations, defective drywall, and past meth labs. Federal lead paint rules apply to pre-1978 units.

Fair housing

State fair housing protections
Adds source of funds, sexual orientation, gender identity, military status, and elderliness.

Source of funds includes housing vouchers and any lawful assistance program. Disability is also protected.

Va. Code §§ 36-96.1:1, 36-96.3Checked against the official source

Recent and upcoming changes

Effective 2027-07-01
90-day rent increase notice for larger landlords

Landlords with more than four units must give rent increase notices 90 days before lease end, with a renewal decision deadline at least 30 days out.

Effective 2027-07-01
Payment plan offer before nonpayment eviction

Landlords with more than four units must offer a payment plan of up to six months when a tenant owes one month's rent or less, once per lease term.

Effective 2027-07-01
Pre-application screening disclosure

Before collecting any payment or information, landlords must disclose fees, refundability, tenant selection criteria, and automatic denial criteria.

Effective 2026-04-01
Real Estate Board escrow rules rewritten

The old escrow regulation 18VAC135-20-180 was repealed and replaced by 18VAC135-20-181 on escrow account maintenance.

Local rules. Localities cannot change VRLTA rules, but state law lets them create rental inspection districts (Va. Code § 36-105.1:1). Check the city or county code. Va. Code § 36-105.1:1, Rental inspections; rental inspection districts

Managing rentals in Virginia?

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