What condition allows a landlord to release a tenant's financial information without their consent?

In Virginia, a landlord may release a tenant's financial information to a prospective buyer under certain conditions, typically related to the sale of the rental property. This allows the buyer to assess the financial viability of the investment, including understanding the income generated by the property and the payment history of current tenants. By disclosing rental amounts and payment records to a potential buyer, the landlord ensures that the sale of the property is transparent and that the buyer is fully informed about the existing financial commitments and renter reliability.

This practice is often considered part of due diligence, where potential buyers need to evaluate the overall value and income potential of the real estate they are interested in purchasing. It's essential that landlords handle this information responsibly, ensuring that it's shared only with serious prospective buyers and in compliance with privacy laws. Other situations, such as providing information to attorneys or investigators, typically require more stringent legal considerations and often a legal basis or court order to disclose tenant information without consent.