Virginia SB355 allows localities to set anti-rent gouging ordinances, including a maximum annual rent increase allowance.
Virginia SB355 empowers localities to establish anti-rent gouging ordinances. These ordinances can include a maximum annual rent increase allowance of no more than three percent. The bill also establishes an anti-rent gouging board to manage exemptions and challenges to rent increases. It prohibits landlords from obtaining possession orders in unlawful detainer actions if they fail to comply with the ordinance. The board can establish rules for exemptions and challenges, and localities can set civil penalties for non-compliance.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.