fbpx

Virginia Property Manager Audit Regulations

Virginia Property Manager Audit Regulations

Security Deposits

The maximum a landlord can charge for security deposits is two month’s rent.
The landlord has 45 days to return the security deposit after move-out and termination of the lease.

https://www.thebalancesmb.com/virginia-security-deposit-law-2125094

Bank Reconciliation

In order to be compliant with § 54.1-2108.2, it is recommended that escrow accounts be reconciled monthly.

https://law.lis.virginia.gov/vacode/title54.1/chapter21/section54.1-2108.2/

 

Leave a Reply

Your email address will not be published. Required fields are marked *