$3.86M Belvedere NRDE / Pegasus Virginia Rental Fees Class Action Settlement

Rental Fees · Pending — Automatic Payment

What Is This Settlement About?

A $3,862,000 settlement resolves a proposed class action accusing Pegasus Residential, LLC and the property-owner entities Belvedere NRDE, LLC and Glenmoor Oaks NRDE, LLC of charging Virginia tenants improper rental fees. The complaint, filed in the U.S. District Court for the Eastern District of Virginia, alleged that the defendants violated the Virginia Consumer Protection Act and the Virginia Residential Landlord and Tenant Act by assessing and collecting mandatory pest control fees, a recurring "Community Fee," and a "Lease Administration Fee" that, according to the plaintiffs, should not have been charged on top of rent.

The defendants deny any wrongdoing and have not admitted liability. They agreed to settle to avoid the cost and uncertainty of continued litigation. The settlement still requires final approval from the court.

Who Qualifies?

The settlement class generally includes individuals who signed leases at apartment communities located in Virginia and managed by Pegasus Residential, and who paid or were obligated to pay one or more of the disputed fees — the pest control fee, the Community Fee, or the Lease Administration Fee — between June 23, 2023 and January 29, 2026.

The settlement is structured with two groups: a broad Pegasus settlement class covering tenants at Pegasus-managed Virginia communities, and a smaller participating landlords subclass tied to specific properties. The official settlement website and your notice describe which group applies to you. The exact class definition controls, so review the official notice to confirm your eligibility.

This is not the only Virginia fee case of its kind: a separate AION Management apartment fee settlement covers renters at six AION-managed complexes in Virginia billed pest control, trash, amenity or administrative billing fees, and also pays automatically.

How Much Can You Get?

The total settlement fund is $3,862,000. It is allocated as approximately $2,650,000 for the Pegasus settlement class members and approximately $1,212,000 for the participating landlords subclass members. Individual payments are calculated on a pro rata basis — meaning your share depends on the amount and types of fees you paid — so there is no single fixed payout figure. After deductions for court-approved attorneys' fees, costs, and any service awards, the remaining funds are distributed to class members.

How Do You Get Paid? (No Claim Form)

There is nothing to file. The settlement administrator will identify eligible class members directly from Pegasus's lease and payment records and send payments automatically. To make sure your payment reaches you, keep your mailing address current — if you have moved since living at a Pegasus-managed community, set up mail forwarding or use the official settlement website to confirm how to update your contact information. You do not need to submit receipts, a notice ID, or any documentation to receive your share.

Key Dates and Your Options

If you want to remain in the settlement and receive your automatic payment, you do not need to do anything. If you want to exclude yourself (opt out) so you keep the right to sue separately, or if you want to object to the terms of the settlement, you must do so by July 13, 2026. The court will hold a final approval hearing to decide whether to approve the settlement; payments are issued after the settlement becomes final. Check the official settlement website for the final approval hearing date and the exact instructions for opting out or objecting.