Virginia Real Estate Laws and Regulations Quiz

Landlords in Virginia must return a tenant's security deposit within 30 days of the lease's end.

In Virginia, landlords can charge a maximum late fee of $25 or 10% of the rent, whichever is greater.

Virginia law does not specify a minimum duration for a written lease agreement.

In Virginia, a tenant is required to provide a 30-day notice to terminate a fixed-term lease.

The minimum age requirement to obtain a real estate license in Virginia is 18 years old.

In Virginia, buyers can cancel a real estate contract within 7 days of signing.

The Virginia Real Estate Board's primary purpose is to regulate real estate agents and brokers.

A 30-day notice period is required for terminating a month-to-month residential lease in Virginia.

The landlord's social security number is not required to be included in a Virginia residential lease agreement.

When a tenant abandons a rental property in Virginia without notice, it is called surrender.

The Virginia Department of Housing and Community Development governs the Virginia Residential Landlord and Tenant Act.

The maximum allowable notice period for a landlord to enter a tenant's rented unit in Virginia is 48 hours.

In Virginia, the maximum interest rate that can be charged on overdue rent is 12% per year.

In Virginia, the maximum amount a landlord can charge for a returned check fee is $50.