3 Virginia Real Estate

If a rent check is returned for insufficient funds, a landlord may give notice to the tenant to make payment in which of the following methods within 5 days? A) Cash B) Cashier's check C) Certified check D) Any of the above

The correct answer is "d - Any of the above " In the case of a check returned because of insufficient funds, the landlord can give the tenant a notice mandating payment via cash, cashier’s check, or certified check, within 5 days.

A landlord may release a tenant's financial records under which of the following circumstances? A) For inspection by a potential buyer of the rental property or if the tenant gives the landlord written permission to do so B) When a potential employer makes the request in writing C) When a creditor of the tenant requests them D) When the tenant's family makes a formal request and the tenant is under the age of 21

The correct answer is "A - For inspection by a potential buyer of the rental property or if the tenant gives the landlord written permission to do so " A landlord cannot release the tenant’s financial information to a third party without the written consent of the tenant (with the exemption being the case of a prospective buyer's examination of the rental property records).

Sam and Amanda Green moved from their apartment in Petersburg to Richmond on June 30th. According to the Virginia Residential Landlord and Tenant Act, the landlord must return the unused portion of their security deposit by what date? A) June 5th B) June 15th C) August 14th D) July 1st

The correct answer is "C - August 14th " A security deposit must be returned to the tenant within 45 days of vacating the premises.

According to the state of Virginia, how is an agency relationship defined? A) A relationship in which the real estate licensee acts as an independent contractor and represents a person by such persons express authority in a real estate transaction. B) Every relationship in which the real estate licensee acts for or represents a person by such person’s express authority in a real estate transaction. C) A relationship in which the real estate licensee only performs ministerial acts for the customer. D) Any of the above.

The correct answer is "D - Any of the above. " In Virginia, an agency agreement is every relationship in which the real estate licensee acts (as an agent, an independent contractor, or in a ministerial role) for or represents a person by such person’s express authority in a real estate transaction.

A landlord may do which of the following if the rent remains unpaid five days following appropriate notification? A) File suit against the tenant to have him or her evicted. B) Enter the rental property to remove the tenant's property C) Post the apartment as available for rent in the local newspaper D) Cut off the power to the property

The correct answer is "a - File suit against the tenant to have him or her evicted. " If the full payment of rent has not been made within 5 days, the landlord may file a suit to have the tenant evicted from the property.

The maximum allowed security deposit, as outlined in under the Virginia Residential Landlord and Tenant Act is which of the following? A) Two months rent B) One and one-half the amount of one month's rent C) One month's rent. D) $500

The correct answer is "a - Two months rent " According to the Virginia Residential Landlord and Tenant Act the security deposits may not be more than two months’ rent.

When a landlord is in violation of the lease, the tenant may notify him in writing, giving him 30 days to correct the violation. If the violation is not corrected within 30 days, the tenant may do which of the following? A) Discontinue all rent payments B) Deposit the rental payments with the General District Court C) Discount the rental payments D) Break his or her lease without penalty

The correct answer is "b - Deposit the rental payments with the General District Court " If the landlord does not correct the violation, and the tenant still decides to remain living on the property, the tenant must still make rental payments, however, these payments should be deposited with the GENERAL DISTRICT COURT.

If a tenant has violated terms of his or her lease, the landlord must give written notice and the tenant must correct the violation within how many days? A) 10 B) 30 C) 21 D) 60

The correct answer is "c - 21 " If the tenant violates the lease, or in some way violates the law in Virginia, the landlord will notify him of such in writing, giving him 21 days to correct this violation.

Once a tenant has vacated a rental property, the landlord must conduct a final inspection within what period of time? A) 24 hours B) 48 hours C) 72 hours D) 5 days

The correct answer is "c - 72 hours " The final inspection of the property is required by Virginia law to be held within 72 hours of the tenant vacating the property.

If rent has not been paid on an apartment, the landlord can convey which of the following? A) Eviction notice B) Five-day-Pay-or-Quit Notice C) Unlawful Detainer Notice D) Any of the above

The correct answer is "d - Any of the above " If a rental payment is past due, the landlord may issue one of the following: a Five-Day Pay-Or-Quit Notice, an Unlawful Detainer Warrant, or an Eviction Notice.