Rental Properties in Virginia

Are you considering a move to Virginia? Virginia has much to offer, like mountains, forests, beaches, and cities. It provides dynamic sights and a fun, exciting city life.

Virginia has a place for you whether you like nature or the city streets. Virginia Beach and Cape Charles are good choices for the city and beaches. Charlottesville and Chesapeake are good choices for living in the mountains or forest areas. So, let’s dive in and see what rental properties in Virginia have to offer. 

Is Virginia a Good State for Landlords?

Virginia has laws and regulations supporting landlords, and because of this, it is considered a landlord-friendly state. However, Virginia also provides specific protections and rights to tenants. The landlord-tenant laws create a balance between them. 

Laws and Regulations Affecting Landlords

Landlords need to know the laws and regulations for their rental properties in Virginia. Some examples include:

1. Security Deposits: Landlords can charge a maximum of two months' rent as a security deposit, but they must return it within 45 days of the tenant moving out, minus damages.
2. Rent Increases: Landlords can increase rent if not during a current yearly contract or give 30 days' notice for month-to-month contracts.
3. Repairs and Maintenance: Virginia laws require landlords to keep their rental properties fit by ensuring repairs are made promptly, and the residence remains habitable. 
4. Eviction: Landlords can evict tenants from rental properties for nonpayment, lease violations, or other reasons but must provide proper notice. 

It is important that landlords follow the proper legal procedures for eviction so they do not have legal issues, such as unlawful detainers. 

How Much Can a Landlord Raise Rent in Virginia?

There is no legal cap or maximum rent increase limit for rental properties in Virginia, so landlords can increase rent as much as they want. However, they must follow the laws and regulations set by Virginia regarding rent increases.

Notice Timeframes for Rent Increases

Landlords must give proper notice of rent increases for their rental property tenants. For example, if the lease is month-to-month, the state dictates that the landlord provide 30 days' notice of a rent increase.

If a tenant has a week-to-week lease, the landlord must provide seven days' notice. If you are under a year lease, unless there is a rent increase provision in the contract, the landlord must wait until the contract ends to increase the rent.

Why is Rent so Expensive in Virginia?

There are several reasons why rent is so expensive in Virginia. 

Evictions at Apartment Complexes

If a landlord of an apartment complex plans to no longer rent to many of its tenants, it cannot notify them individually. The landlord must also give the tenants 60 days’ notice of not renewing their leases so they have time to find other accommodations. 

Find Information About Rental Properties in Virginia with Nestfully

Virginia is a beautiful place, whether you're looking for apartment living or homes for rent. However, to live there, you will need a big budget. Even though the state is making headway by changing laws and addressing the low housing inventory, it all takes time.

If you have questions or are looking for rental options in Virginia, contact us at Nestfully today. We can help you on your journey to renting in Virginia.