EstatePass
Practice Of Real EstateState_specificEASY

Under the Virginia Residential Landlord and Tenant Act, within how many days after a tenancy ends must a landlord return the tenant's security deposit or provide an itemized written statement of deductions?

Correct Answer

D) 30 days

Va. Code § 55.1-1226 requires a landlord to return the security deposit, with any required itemized written statement of deductions, within 30 days after the tenancy terminates and the tenant vacates the dwelling unit. Failure to comply may result in forfeiture of the right to retain any portion of the deposit.

Answer Options
A
21 days
B
45 days
C
14 days
D
30 days

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

security_depositvrltareturn_deadlinelandlord_obligations

Related Concepts

Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.

FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.

A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.

Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing