republic-os/legislation/us/states/va/2017/hb-1623.md

---
type: "Bill"
title: "Residential rental property; foreclosure shall act as a termination agreement."
description: "Removes a provision that allows a tenant to remain in a dwelling unit that has been foreclosed upon pursuant to the federal Protecting Tenants at Foreclosure Act because the Act expired on December 31, 2014, and is no longer in effect. The bill provides that the foreclosure of a residential rental property shall act as a termination of the rental agreement by the owner of such property. In such case, the tenant may remain in possession of such dwelling unit as a month-to-month tenant on the terms of the terminated rental agreement until the successor owner gives a notice of termination of such month-to-month tenancy. The bill also provides how rental payments may be made during the period of the month-to-month tenancy. In addition, the bill requires a current owner of rental property who has entered into a written property management agreement with a managing agent and who has subsequently entered into a purchase agreement with a new owner to give written notice to the managing agent requesting payment of security deposits to the current owner prior to settlement with the new owner. The bill requires the managing agent to transfer the security deposits to the current owner and provide written notice to each tenant that his security deposit has been transferred. This bill is identical to"
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2017"
identifier: "HB 1623"
citation: "Virginia HB 1623 (2017)"
classification: ["bill"]
subjects: ["Property and Conveyances"]
status: "enacted"
primary_sponsors: ["David E. Yancey"]
version_count: 5
action_count: 23
vote_count: 7
first_action: "2017-01-04"
last_action: "2017-02-20"
source: "openstates"
source_identifier: "ocd-bill/9aa21c74-4193-4760-8340-2a0f6cc28f01"
source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB1623"
source_hash: "c18d6f06bad9d61353d58d0cdcdaea45c15dde90769e9456c52f82583e8e1650"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia HB 1623 (2017) — Residential rental property; foreclosure shall act as a termination agreement.

Removes a provision that allows a tenant to remain in a dwelling unit that has been foreclosed upon pursuant to the federal Protecting Tenants at Foreclosure Act because the Act expired on December 31, 2014, and is no longer in effect. The bill provides that the foreclosure of a residential rental property shall act as a termination of the rental agreement by the owner of such property. In such case, the tenant may remain in possession of such dwelling unit as a month-to-month tenant on the terms of the terminated rental agreement until the successor owner gives a notice of termination of such month-to-month tenancy. The bill also provides how rental payments may be made during the period of the month-to-month tenancy. In addition, the bill requires a current owner of rental property who has entered into a written property management agreement with a managing agent and who has subsequently entered into a purchase agreement with a new owner to give written notice to the managing agent requesting payment of security deposits to the current owner prior to settlement with the new owner. The bill requires the managing agent to transfer the security deposits to the current owner and provide written notice to each tenant that his security deposit has been transferred. This bill is identical to

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Governor: Acts of Assembly Chapter text (CHAP0063)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+CHAP0063)
2. **House: Bill text as passed House and Senate (HB1623ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1623ER)
3. **House: Prefiled and ordered printed; offered 01/11/17 17101394D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1623)
4. **House: Printed as engrossed 17101394D-E** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1623E)
5. **Senate: Committee substitute printed 17105244D-S1** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1623S1)

## Votes

- Senate substitute agreed to by House 17105244D-S1 — **97–0** (pass) · legislature
- Reported from General Laws and Technology with substitute — **13–0** (pass) · legislature
- Subcommittee recommends reporting with amendment — **7–0** (pass) · legislature
- Passed Senate with substitute — **40–0** (pass) · legislature
- Reported from General Laws with amendment — **22–0** (pass) · legislature
- Read third time and passed House BLOCK VOTE — **99–0** (pass) · legislature
- Constitutional reading dispensed — **39–0** (pass) · legislature

## Sponsors

- David E. Yancey — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-01-04** Prefiled and ordered printed; offered 01/11/17 17101394D `introduction`
- **2017-01-04** Referred to Committee on General Laws `referral-committee`
- **2017-01-16** Assigned GL sub: Subcommittee #1 `referral-committee`
- **2017-01-23** Read first time `reading-1`
- **2017-01-24** Read second time `reading-2`
- **2017-01-24** Committee amendment agreed to
- **2017-01-24** Engrossed by House as amended HB1623E
- **2017-01-24** Printed as engrossed 17101394D-E
- **2017-01-25** Read third time and passed House BLOCK VOTE (99-Y 0-N) `passage, reading-3`
- **2017-01-26** Constitutional reading dispensed
- **2017-01-26** Referred to Committee on General Laws and Technology `referral-committee`
- **2017-02-09** Read third time `reading-3`
- **2017-02-09** Reading of substitute waived
- **2017-02-09** Committee substitute agreed to 17105244D-S1
- **2017-02-09** Engrossed by Senate - committee substitute HB1623S1
- **2017-02-13** Placed on Calendar
- **2017-02-13** Senate substitute agreed to by House 17105244D-S1 (97-Y 0-N)
- **2017-02-14** Enrolled
- **2017-02-14** Signed by Speaker
- **2017-02-15** Signed by President
- **2017-02-15** Enrolled Bill communicated to Governor on 2/15/17
- **2017-02-15** Governor's Action Deadline Midnight, February 22, 2017
- **2017-02-20** Approved by Governor-Chapter 63 (effective 7/1/17) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9aa21c74-4193-4760-8340-2a0f6cc28f01`. Confidence: reported (aggregated from official Virginia legislature records).