For housing near James Madison University, can a Virginia rental lease impose any late fee it chooses?
DIRECT ANSWER
§55.1-1204(E), version effective until July 1, 2027; no particular lease fee verified. Source as of: 2026-10-16 Use cited page body and explicit policy period. A page update date does not extend an expired rate or deadline. Confirm current requirements and the actual student, employee, household or property circumstances with the cited authority. No property inventory or named professional is assigned by this answer.
A late charge must appear in the written lease and cannot exceed the lesser of 10% of periodic rent or 10% of the unpaid balance. A partial payment therefore matters to the ceiling; the maximum is not automatically 10% of full monthly rent.
Answer
A late charge must appear in the written lease and cannot exceed the lesser of 10% of periodic rent or 10% of the unpaid balance. A partial payment therefore matters to the ceiling; the maximum is not automatically 10% of full monthly rent.
Scope and verification
§55.1-1204(E), version effective until July 1, 2027; no particular lease fee verified.
Source as of: 2026-10-16
Use cited page body and explicit policy period. A page update date does not extend an expired rate or deadline.
Confirm current requirements and the actual student, employee, household or property circumstances with the cited authority. No property inventory or named professional is assigned by this answer.
Sources & verification
- Virginia Residential Landlord and Tenant Act Retained independently source-supported evidence for the stated question and qualifications
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