Are security deposits refundable when a tenant moves out?
In Virginia, security deposits are refundable when a tenant moves out if the tenant has fulfilled their lease obligations. Under Virginia law, a tenant must pay the rent in full, keep the rental property up to a certain standard, and ensure the premises are left in the same condition as when the tenant first moved in. If the tenant has met these requirements, the landlord must refund the security deposit within 45 days of the tenant’s lease termination. The landlord may keep part of the deposit if there is any damage to the premises caused by the tenant or if the tenant has not paid rent during the course of the lease. The landlord must provide the tenant with a written list of any damages they have deducted from the security deposit. The landlord may also keep the security deposit if the tenant’s lease is terminated early and the tenant still owes money for the remainder of their lease. In this case, the landlord must return the security deposit within 45 days after the tenant’s lease termination, minus any amount owed to the landlord. Overall, security deposits are refundable when a tenant moves out in Virginia as long as the tenant has met their obligations under the lease. If not, the landlord may keep part of the security deposit to cover any damages or unpaid rent.
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