# Va. Code Ann. § 55.1-1205: Prepaid rent; maintenance of escrow account

> Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SIII_C12_A1_S55.1-1205

## Section

- **Citation:** Va. Code Ann. § 55.1-1205
- **Heading:** Prepaid rent; maintenance of escrow account
- **Jurisdiction:** Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Virginia Code / Title 55.1 / Subtitle III / Chapter 12 / Article 1 / Section 55.1-1205

## Text

A landlord and a tenant may agree in a rental agreement that the tenant pay prepaid rent. If a landlord receives prepaid rent, it shall be placed in an escrow account in a federally insured depository authorized to do business in Virginia by the end of the fifth business day following receipt and shall remain in the account until such time as the prepaid rent becomes due. Unless the landlord has otherwise become entitled to receive any portion of the prepaid rent, it shall not be removed from the escrow account required by this section without the written consent of the tenant.

2002, c. 531 , § 55-248.7:1; 2015, c. 596 ; 2017, c. 730 ; 2019, c. 712 .

## Nearby sections

- [Va. Code Ann. § 55.1-1200 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SIII_C12_A1_S55.1-1200.md)
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- [Va. Code Ann. § 55.1-1202 (Effective until July 1, 2027) Notice](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SIII_C12_A1_S55.1-1202.md)
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- [Va. Code Ann. § 55.1-1204.1 Fee disclosure statement](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SIII_C12_A1_S55.1-1204.1.md)
- [Va. Code Ann. § 55.1-1205 Prepaid rent; maintenance of escrow account](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SIII_C12_A1_S55.1-1205.md)
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- [Va. Code Ann. § 55.1-1210 Landlord and tenant remedies for abuse of access](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SIII_C12_A1_S55.1-1210.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SIII_C12_A1_S55.1-1205. Check the current official text before relying on it. Not legal advice.