Here is the information found in the Code of Virginia, in the Virginia Residential Landlord & Tenant Act, § 55.1-12 regarding an “Application Fee”. According to § 55.1-1200, Definitions, of the Virginia Residential Landlord & Tenant Act, an “Application Fee” is any nonrefundable fee that is paid by a tenant to a landlord or managing agent for the purpose of … Read More
How much security deposit is required?
The Security Deposit for an apartment is equal to two (2) months rent. Security Deposits cannot be used to pay for the last month’s rent.
How much is the application fee?
The application fees are: $65 per Tenant Application and $65 per Guarantor Application.
Who must fill out an application?
Prospective Tenants: Each adult (person over 18 years of age) planning to occupy the apartment must fill out an Application for Tenancy. Prospective Guarantors: Each guarantor, who plans to financially guarantee the lease, must fill out a Guarantor Application. Guarantors are financially guaranteeing the lease. Guarantors are not considered Tenants of the apartment they are financially guaranteeing and, therefore, do not have the … Read More