55-248.42:1 - Term of rental agreement; renewal; security deposits - Virginia Statutes

§ 55-248.42:1. Term of rental agreement; renewal; security deposits.

A. A park owner shall offer all current and prospective year-round residentsa rental agreement with a rental period of not less than one year. Such offershall contain the same terms and conditions as are offered with shorter termleases, except that rental discounts may be offered by a park owner toresidents who enter into a rental agreement for a period of not less than oneyear.

B. Upon the expiration of a rental agreement, such agreement shall beautomatically renewed for a term of one year with the same terms unless thepark operator provides written notice to the tenant of any change in theterms of the agreement at least sixty days prior to the termination date. Inthe event of an automatic renewal of a rental agreement involving ayear-round resident, the security deposit initially furnished by the tenantshall not be increased by the park owner nor shall an additional securitydeposit be required.

C. Except as limited by subsection B of this section, the provisions of §55-248.15:1 shall govern the terms and conditions of security deposits forrental agreements under this chapter.

(1992, c. 709; 1999, c. 513; 2000, c. 41.)