Are there laws that protect a tenant from excessive rent increases?
Yes, there are laws that protect a tenant from excessive rent increases in Virginia. The Virginia Residential Landlord Tenant Act (VRLTA) dictates that a landlord must provide at least thirty days advance notice before increasing the rent, and the increase cannot exceed 10% of the current rent. Additionally, the landlord can only increase the rent every six months. Furthermore, Virginia law also requires that the landlord give the tenant a written notice before increasing the rent, and the new amount must be stated in the notice. Finally, the landlord must follow the terms of the rental agreement when increasing the rent. If the rental agreement does not list a maximum rent increase, then the amount of the rent increase can only be equal to the rate of inflation. This means that if the current rate of inflation is 3%, the maximum rent increase allowed would be 3%. The provisions of the VRLTA are designed to protect the tenant from any kind of excessive rent increase. However, the tenant should also know their rights and take the time to read the rental agreement to ensure that the rent increase is in accordance with the law.
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