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AI Summary
The bill mandates landlords owning more than 10 rental units or having over a 10% interest in such units to disclose in writing algorithmic pricing use under the Virginia Residential Landlord and Tenant Act.
Business Impact
If you operate as a landlord using algorithmic pricing, you must disclose this use and provide a summary by July 1, 2024, or face penalties.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
Topics How we classify →
What This Means
HB1252 introduces regulations for Virginia landlords with significant rental holdings who utilize algorithmic pricing devices. It requires written disclosure under the Virginia Residential Landlord and Tenant Act, a summary of influencing factors, and a human review of rent determinations.
Key Provisions
- Landlords owning more than 10 rental units or having over a 10% interest must disclose the use of algorithmic pricing devices in writing to tenants or prospective tenants under the Virginia Residential Landlord and Tenant Act.
- Tenants can request a plain-language summary of factors influencing rent from landlords.
- Tenants are entitled to a human review of rent determinations or renewal increases generated by algorithmic pricing devices.
- The Attorney General can seek an injunction and civil penalties specifically to restrain violations.
Latest Legislative Action
Continued to next session in General Laws (Voice Vote)
Bill Sponsors (showing 5 of 15)
| Name | Role |
|---|---|
| Adele Y. McClure D | Primary |
| Bonita G. Anthony D | Primary |
| Dan I. Helmer D | Primary |
| Don L. Scott D | Primary |
| Terry G. Kilgore R | Primary |
Compliance Checklist
Disclose the use of algorithmic pricing devices to tenants in writing.
Who: Landlords owning more than 10 rental units.
Deadline: Prior to the execution of a rental agreement.
Penalty: Civil penalties of up to $1,000 for violations.
Who: Landlords owning more than 10 rental units.
Deadline: Prior to the execution of a rental agreement.
Penalty: Civil penalties of up to $1,000 for violations.
Provide a plain-language summary of factors influencing rent upon request.
Who: Landlords using algorithmic pricing devices.
Deadline: Upon tenant request.
Penalty: Civil penalties for non-compliance.
Who: Landlords using algorithmic pricing devices.
Deadline: Upon tenant request.
Penalty: Civil penalties for non-compliance.
Related & Companion Bills
Full Legal Analysis
HB1252 requires landlords in Virginia who own more than 10 rental dwelling units or have more than a 10 percent interest in such units within the Commonwealth of Virginia and use algorithmic pricing devices to disclose this usage in writing to tenants or prospective tenants under the Virginia Residential Landlord and Tenant Act. The disclosure is not explicitly tied to the timing before lease execution in the official description. Additionally, tenants are entitled to a human review of any rent determination or renewal increase generated by an algorithmic pricing device. The bill also empowers the Attorney General to seek an injunction and civil penalties specifically to restrain violations.
Official Source
Official Bill Text
View HB1252 on official legislature website →
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Affected Industries
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