Virginia Residential Landlord and Tenant Act; terms and conditions of rental agreement; notice of rent increase. Requires a landlord who owns more than four rental dwelling units or more than a 10 percent interest in more than four rental dwelling units, whether individually or through a business entity, in the Commonwealth to allow a tenant no less than 30 days to inform the landlord of the tenant's intent to renew the rental agreement or vacate the dwelling unit in cases where the landlord provides the tenant with written notice of an increase in rent for the subsequent rental agreement term.

Statutes affected:
Introduced: 55.1-1204
General Laws Substitute: 55.1-1204
Housing/Consumer Protection Subcommittee Substitute: 55.1-1204