Need a Property Rentals / Apartments For Rent Contract in Virginia? AroundWire Can Help

In Virginia, contracts for property rentals and apartments for rent are primarily governed by the Virginia Residential Landlord and Tenant Act (VRLTA), which sets out statutory requirements for lease agreements. Leases must specify rent amounts, payment schedules, security deposit terms (capped at two months’ rent), and conditions for renewal or termination. Written leases are strongly preferred and often required for terms longer than 12 months. Landlords must comply with state and local habitability standards, including maintenance, safety, and disclosure obligations (e.g., lead-based paint for pre-1978 properties). Licensing is mandatory for property managers handling rentals on behalf of others. Insurance requirements typically include landlord liability and, often, tenant renter’s insurance as a lease condition. Risk factors addressed in contracts include property damage, late payments (with statutory limits on late fees), and tenant default; security deposits must be held in escrow and itemized deductions provided upon move-out. Payment terms usually set rent as due on the first of the month, with grace periods and late fees as permitted by law. Dispute resolution mechanisms favor mediation or small claims court for tenant-landlord disagreements; some contracts reference the Virginia Residential Landlord and Tenant Mediation Program. Local ordinances, especially in urban areas, may impose additional regulations on rental properties. Compliance with fair housing laws is strictly enforced, and violations can void lease provisions.