deposit by debit or credit card.
K. A landlord who owns more than four rental dwelling units or more than a 10 percent interest in more than four rental dwelling units, whether individually or through a business entity, in the Commonwealth shall provide written notice of any increase in rent during the subsequent rental agreement term to any tenant who has the option to renew a rental agreement or whose rental agreement contains an automatic renewal provision. The landlord shall provide the tenant with this written notice of rent increase at least 90 days prior to the end of the rental agreement term. Such notice of rent increase shall include a deadline by which the tenant shall advise the landlord of whether the tenant will renew the rental agreement and shall be no sooner than 30 days after the written notice of rent increase is delivered to the tenant. If the landlord is not renewing the tenant's rental agreement, he shall provide written notice of nonrenewal to the tenant no less than 60 days prior to the end of the rental agreement term. This subsection shall not apply to any periodic tenancy created pursuant to subsection C of § 55.1-1253.
1974, c. 680, § 55-248.7; 1977, c. 427; 1983, c. 39; 1988, c. 68; 2000, c. 760; 2003, c. 424; 2012, cc. 464, 503; 2013, c. 563; 2017, c. 730; 2019, cc. 5, 45, 712; 2020, cc. 985, 986, 998, 1231; 2021, Sp. Sess. I, c. 427; 2023, cc. 450, 679, 706; 2024, c. 831; 2025, cc. 554, 562, 627, 655; 2026, cc. 722, 723, 1066.googleoff: index