*Please note: Any questions regarding Legal Hotline Spotlights should be submitted via the Virginia REALTORS^® Legal Hotline. Our attorneys are unable to respond to questions through our comments section.

Q: We manage a number of single-family homes. If the respective owners each own four or fewer rental properties, do we have to allow tenants to exercise the right of redemption an unlimited number of times? 

A: No, if an owner owns four or fewer rental properties, the landlord is not required to allow for unlimited use of the right of redemption. However, in order for the landlord to limit a tenant’s use of the right of redemption, the landlord must first provide the tenant with written notice of such limitation. Section 55.1-1250 of the Virginia Residential Landlord and Tenant Act (VRLTA) says that if an owner owns four or fewer rental properties, or up to a 10 percent interest in four or fear rental properties, the landlord may limit a tenant’s use of the right of redemption to once per lease period, provided that the landlord provides written notice of such limitation to the tenant. 

Have a question about this article? Submit it to the Legal Hotline!

The Legal Hotline is a member benefit that has been supporting members for over 25 years. Our team of lawyers answers your important questions about real estate transactions quickly and accurately (usually within three business hours!).

Here are some tips to help make the Legal Hotline work for you!