Bill
Bill > HB1420
summary
Introduced
01/08/2020
01/08/2020
In Committee
02/27/2020
02/27/2020
Crossed Over
02/06/2020
02/06/2020
Passed
03/06/2020
03/06/2020
Dead
Signed/Enacted/Adopted
04/22/2020
04/22/2020
Introduced Session
2020 Regular Session
Bill Summary
Landlord and tenant; charge for late payment of rent; restrictions. Provides that a landlord shall not charge a tenant for late payment of rent unless such charge is provided for in the written rental agreement, and that no such late charge shall exceed the lesser of 10 percent of the periodic rent or 10 percent of the remaining balance due and owed by the tenant.
AI Summary
This bill amends Virginia's landlord-tenant laws to restrict the late fees that landlords can charge tenants. Specifically, it provides that a landlord shall not charge a tenant for late payment of rent unless such a charge is included in the written rental agreement, and any late charge cannot exceed the lesser of 10% of the periodic rent or 10% of the remaining balance owed by the tenant. The bill also includes other provisions related to rental agreements, rent payments, and the landlord's acceptance of rent with reservation in an eviction proceeding. The bill is being enacted on an emergency basis and takes effect immediately upon passage.
Committee Categories
Business and Industry, Justice
Sponsors (9)
Jeffrey Bourne (D)*,
Alfonso Lopez (D)*,
Lashrecse Aird (D),
Lamont Bagby (D),
Clinton Jenkins (D),
Jay Jones (D),
Paul Krizek (D),
Jason Miyares (R),
Marcia Price (D),
Last Action
Governor: Acts of Assembly Chapter text (CHAP1231) (on 04/22/2020)
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