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For housing near this school, can a Virginia rental owner immediately spend rent collected well before it is due?

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Embry-Riddle Aeronautical University Prescott

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James Madison University

Agreed prepaid rent must be placed in a federally insured Virginia-authorized depository escrow by the fifth business day after receipt and remain there until due. It cannot be withdrawn earlier without the tenant's written consent unless the landlord is otherwise entitled to it.

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