Virginia Residential Landlord and Tenant Act; landlord charges for security deposits.

Virginia Residential Landlord and Tenant Act;landlord charges for security deposits, insurance premiums for damageinsurance, and insurance premiums for renter's insurance; filingof information regarding resident agent appointed by nonresidentproperty owner. Prohibits a landlord from requiring a tenantto pay a security deposit, insurance premiums for damage insurance,and insurance premiums for renter's insurance prior to the commencementof the tenancy that exceed the amount of two months' periodic rent.The bill permits a landlord, however, to add a monthly amount asadditional rent to recover additional costs of such damage insuranceor renter's insurance premiums. The bill also removes provisions allowing a landlord to permit a tenant to provide damage insurance coveragein lieu of the payment of a security deposit. Finally, the bill requiresnonresident property owners to file the name and office address ofthe agent appointed by such nonresident property owner in the officeof the clerk of the State Corporation Commission. Under current law,such information must be filed in the office of the clerk of thecourt in which deeds are recorded in the county or city in whichthe property lies.