HB 2249

Abstract

Virginia Residential Landlord and Tenant Act; landlord charges for security deposits, insurance premiums for damage insurance, and insurance premiums for renter's insurance; filing of information regarding resident agent appointed by nonresident property owner. Prohibits a landlord from requiring a tenant to pay a security deposit, insurance premiums for damage insurance, and insurance premiums for renter's insurance prior to the commencement of the tenancy that exceed the amount of two months' periodic rent. The bill permits a landlord, however, to add a monthly amount as additional rent to recover additional costs of such renter's insurance premiums. The bill also removes provisions allowing a landlord to permit a tenant to provide damage insurance coverage in lieu of the payment of a security deposit. Finally, the bill requires nonresident property owners to file the name and office address of the agent appointed by such nonresident property owner in the office of the clerk of the State Corporation Commission. Under current law, such information must be filed in the office of the clerk of the court in which deeds are recorded in the county or city in which the property lies.

Virginia Residential Landlord and Tenant Act;landlord charges for security deposits, insurance premiums for damageinsurance, and insurance premiums for renter's insurance; filingof information regarding resident agent appointed by nonresidentproperty owner. Prohibits a landlord from requiring a tenantto pay a security deposit, insurance premiums for damage insurance,and insurance premiums for renter's insurance prior to the commencementof the tenancy that exceed the amount of two months' periodic rent.The bill permits a landlord, however, to add a monthly amount asadditional rent to recover additional costs of such damage insuranceor renter's insurance premiums. The bill also removes provisions allowing a landlord to permit a tenant to provide damage insurance coveragein lieu of the payment of a security deposit. Finally, the bill requiresnonresident property owners to file the name and office address ofthe agent appointed by such nonresident property owner in the officeof the clerk of the State Corporation Commission. Under current law,such information must be filed in the office of the clerk of thecourt in which deeds are recorded in the county or city in whichthe property lies.