A Virginia rental application is used to collect employment and personal information of a lease applicant to determine whether the individual is fit for a binding tenancy agreement. Applicants will often be asked to submit a non-refundable fee for the screening process which includes the administration of a criminal background and credit check. The information obtained through these investigations will help deter tenants with a poor rental history or those with financial liabilities that could affect their ability to pay rent in the future.
Maximum Fees ($)
Application Fee (§ 55.1-1203(C)) – $50
Pet Deposit (§ 55.1-1200) – A pet deposit is considered part of the security deposit and, therefore, cannot exceed two (2) months’ rent.
Security Deposit (§ 55.1-1226(A)) – Two (2) months’ rent.