Helping you avoid disputes at the end of a lease.

Use to document the amount deducted from the tenants security deposit and state the reason(s) the deduction(s) were made in a manner compliant with Virginia state law.

Landlords and tenants frequently have disputes regarding the refund of security deposits after tenants vacate a rental unit. As a result, Virginia state legislation dictates how landlords should itemize security deposit deductions and defines the terms and conditions a landlord must abide by for refunding and accounting for security deposits.

• comply with state law when documenting the reasons for deducting part or all of the tenants security deposit
• ensure the tenants understand your reasons for making the deduction
• deliver this statement to the tenants by following the specific requirements established by the state of Virginia

TERMS AND CONDITIONS COVERED INCLUDE:

• summary of Virginia state law outlining when and how the statement should be delivered
• amount of deposit retained
• customizable section for detailing reason(s) for retaining part or all of the security deposit
• signature and address of the landlord

Contents reviewed and approved by attorneys or industry experts.