VA LEG Tenant Fees, Rent Payments

Published on: Apr 14, 2025

On Apr. 2, VA LEG passed bill on tenant methods of payment, fees.

  • VA LEG passed HB 2218 (SB 1356) on permitted tenant fees and methods of payment.
  • Amends VA LEG 55.1-III-12-1-55.1-1204 (agreement terms, payment, tenant copies).
  • Document dated Apr. 2, 2025, received from VA LEG Apr. 9, 2025 summarized Apr. 14.
  • Bill Provisions
  • Requires, with certain exceptions, landlords subject to Virginia residential landlord and tenant act to accept payment of rent and security deposit by any lawful means.
  • Including check, electronic funds transfer, debit or credit card, cash, and money order.
  • Removes provision requiring the tenant to request a written receipt after paying in the form of cash or money order and requires the landlord to provide such written receipt.
  • Bill prohibits a landlord from charging a tenant any fee for the collection or processing.
  • Legislative History
  • On Jan. 30, 2025, bill introduced in the House; on Feb. 3, 2025, bill passed in House.
  • On Feb. 4, 2025, bill introduced in the Senate; on Feb. 17, 2025, bill passed in Senate.
  • On Apr. 2, 2025, bill was approved by the governor, assigned Chapter 655 and 627.
  • Effectiveness
  • Effective on Jul. 1, 2025.
Regulators
VA LEG
Entity Types
Corp
Reference
Ch. 655, Ch. 627, Bill HB2218, SB1356, 4/9/2025; Citation: VA LEG 55.1-III-12-1-55.1-1204;
Functions
Compliance; Financial; Legal; Operations; Reporting
Countries
United States of America
Category
State
N/A
Products
Cards; Corporate; Mortgage; Payments
Rule Type
Final
Regions
Am
Rule Date
Apr 2, 2025
Effective Date
Jul 1, 2025
Rule ID
250337
Linked to
N/A
Reg. Last Update
Apr 2, 2025
Report Section
US Consumer