Virginia · Late fees

Virginia late fee law

Virginia caps late fees at the lesser of 10% of the periodic rent or 10% of the remaining balance due. There’s no required grace period.

The rule

Grace period
None required
Cap
Lesser of 10% of the periodic rent or 10% of the remaining balance due
Grace period
No general statutory grace period; must be provided for in the written lease.

Law: Va. Code § 55.1-1204(E)

Last reviewed September 30, 2026

Not legal advice. Statutes change; check the linked section.