Virginia Residential Landlord and Tenant Act; application, notice, deposit, fee.

Added a new section defining critical terms such as 'dwelling unit,' 'landlord,' 'managing agent,' and 'community land trust' to clarify who and what the law covers.

Increased the ownership threshold for the single-family home exemption from three units to four units, allowing more private landlords to operate outside the act.

Removed the specific effective date of January 1, 2027, and replaced it with a placeholder for a future date to be determined by the General Assembly.

Changed the bill type from 'Enrolled' (final) to 'General Laws Substitute' (amendment), indicating the legislation is still being processed and may change further.

The bill title was shortened to remove the reference to § 55.1-1200, and the enacted text was reformatted to match official legislative style, but the underlying legal provisions were not altered.

The bill text was reformatted from a continuous text block into a numbered, paginated layout with added headers and spacing, but no legal language or policy provisions were added, removed, or altered.