Question 15

The maximum amount a landlord may keep as a security deposit is two months' rent.

Under the Virginia Residential Landlord Tenant Act (VRLTA), landlords are permitted to collect a security deposit that does not exceed two months' rent. This regulation is set to protect tenants from excessive initial financial burdens when entering a rental agreement.

A) $2,000

This option is incorrect because it specifies a fixed dollar amount rather than a calculation based on rent. The VRLTA does not cap the security deposit at $2,000, but rather allows for a maximum of two months' rent, which could be more or less than this amount depending on the rental price.

B) one month's rent

While this option is a common practice in many rental agreements, it is not the maximum allowed under the VRLTA. The law explicitly states that landlords may keep a security deposit of up to two months' rent, making this option insufficient for landlords seeking the maximum allowable deposit.

C) two months' rent

This option is correct as it aligns with the provisions of the VRLTA. The act clearly stipulates that the maximum security deposit a landlord can retain is equivalent to two months' rent, thus providing a clear guideline for both landlords and tenants regarding security deposits.

D) six months' rent

This option is incorrect as it exceeds the limits set by the VRLTA. Allowing a security deposit of six months' rent would place an undue financial burden on tenants and is not permissible under the law, which caps the deposit at two months' rent.

Conclusion

The correct answer, two months' rent, is supported by the specific guidelines outlined in the Virginia Residential Landlord Tenant Act. All other options fail to meet the legal standards set forth for security deposits, either by being too high or not reflecting the maximum allowable amount as defined by the legislation.