If you rent or own a home in Virginia, you’ve probably heard the rules are changing. The 2025 updates affect security deposits, eviction notices, and even how much landlords can charge for late fees. Knowing these details can save you money, headaches, and even legal trouble. Below is a quick rundown of the most important changes and practical steps you can take right now.
First, security deposits are capped at two months’ rent for most residential leases. Landlords must return the deposit within 30 days after a tenant moves out, unless they provide a written itemized list of damages. Second, eviction notices have lengthened: a landlord now needs a 30‑day notice for non‑payment before filing an unlawful detainer, up from 14 days. Third, the state has introduced a mandatory “rent‑payment receipt” for any payment over $250, giving tenants proof of what they paid and when.
Tenants should always ask for a written receipt, even for small cash payments. It’s also smart to document the condition of the unit with photos before you move in—those images become handy if a deposit dispute shows up later. Landlords, on the other hand, need to update lease templates to reflect the new notice periods and deposit limits. Consider using a digital lease platform; it makes tracking notices and receipts a breeze.
Another tip: keep communication clear and written. If a tenant is late on rent, send a polite reminder that cites the specific clause in the lease. This can often defuse a situation before it escalates to an eviction. For landlords who want to raise rent, the new law requires a 60‑day written notice for any increase over 5% of the current rent. Skipping this step can lead to a complaint with the Virginia Department of Housing and Community Development.
What about property taxes? Virginia ranks in the middle of the U.S. for property tax rates, but local jurisdictions vary widely. If you own a rental property, check your county’s latest tax schedule each year; a small change in assessment can affect your cash flow dramatically. Many owners set aside 1% of the property’s value each month to cover future tax bills—this simple habit keeps surprise expenses at bay.
Lastly, think about insurance. Renters insurance is inexpensive and protects a tenant’s personal belongings, while landlord insurance covers the building and liability. In Virginia, some insurers now offer bundled policies that combine both, which can simplify management and reduce premiums.
Staying on top of these updates doesn’t have to be a chore. Subscribe to a local real‑estate newsletter, set calendar reminders for notice deadlines, and keep a digital folder with all your lease documents. With a little organization, you’ll feel confident navigating Virginia’s rental market—whether you’re looking for your next home or managing a property portfolio.
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