VA HB616

Requires landlords to provide tenants, upon written request, an itemized account statement within 10 business days showing all debits and credits including application fees, deposits, rent, and additional charges for the past 12 months or duration of tenancy.

Directs the Department of Housing and Community Development to develop a standardized printable template for landlords to use when providing tenant account statements, with input from stakeholders including apartment management associations and the Virginia Poverty Law Center.

Allows landlords to provide the required account information either in writing or through a free electronic portal accessible to tenants.

Permits landlords who do not receive unit-specific utility bills to itemize utility charges using a reasonable allocation method, which must be disclosed to tenants.

Exempts landlords owning fewer than four rental units or less than 10% interest in more than four units, unless they receive state or local rental or utility assistance on behalf of the tenant.