 Security Deposit (by Marguerite [VA]) Mar 13, 2010 8:31 PM
 Security Deposit (by Theresa [TX]) Mar 13, 2010 8:44 PM
Security Deposit (by Wallace CPM [VA]) Mar 14, 2010 5:26 AM
Security Deposit (by Barbara [VA]) Mar 14, 2010 6:12 AM
Security Deposit (by Marguerite [VA]) Mar 14, 2010 11:35 AM
Security Deposit (by Marguerite [VA]) Posted on: Mar 13, 2010 8:31 PM
Message:
State Specific Question About: VIRGINIA (VA)
If I collect a security deposit from my tenant,does it need to be put into an escrow account? --75.226.xxx.xxx |
Security Deposit (by Theresa [TX]) Posted on: Mar 13, 2010 8:44 PM
Message:
§ 55-248.15:1. Security deposits.
A. A landlord may not demand or receive a security deposit, however denominated, in an amount or value in excess of two months' periodic rent. Upon termination of the tenancy, such security deposit, whether it is property or money, plus any accrued interest thereon, continued....
I suggest you read/know the Landlord/Tenant State Laws for VA (see above). --64.148.xxx.xxx |
Security Deposit (by Wallace CPM [VA]) Posted on: Mar 14, 2010 5:26 AM
Message:
NO * if you are an individual landlord with less than 10 rental units the above cite does NOT apply...keep it in any account you wish and you do not owe interest and don't have to say where it is held. --64.12.xxx.xx |
Security Deposit (by Barbara [VA]) Posted on: Mar 14, 2010 6:12 AM
Message:
Wallace, I had thought it was less than 8 rentals. Obviously I am wrong. Has it always been 10? Just curiouse. --96.225.xxx.xxx |
Security Deposit (by Marguerite [VA]) Posted on: Mar 14, 2010 11:35 AM
Message:
Thank you for your help. I have been researching VA state laws but the security deposit holding issue was unclear to me. Your answers helped clarify things for me. Thanks again. --75.227.xxx.xxx |
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