$3.86M Pegasus / Belvedere Rental Fees Settlement

Published June 18, 2026

If you rented from a Pegasus-managed apartment community in Virginia between 2023 and 2026, you may be owed an automatic payment.

A $3.86M settlement resolves claims that Virginia tenants were charged improper pest, community, and lease administration fees.

By Steve Levine

Editor-in-Chief

Status Pending — Automatic Payment

Opt-Out / Objection Deadline July 13, 2026 No claim deadline — eligible class members are paid automatically.

Estimated Payout Varies (pro rata) $3,862,000 fund · split between the Pegasus class and the participating landlords subclass.

Proof Required No Payments issue automatically from Pegasus's own lease and payment records.

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.

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.

Avoiding Scams

Because this settlement pays automatically, no legitimate party will ask you to pay a fee or hand over sensitive financial details to "release" your payment. Treat any call, text, or email demanding payment or account numbers in exchange for your settlement check as a scam. Use only the official settlement website to verify information or update your address.

Frequently Asked Questions

Do I need to file a claim for the Belvedere NRDE / Pegasus rental fees settlement?

No. There is no claim form. The settlement administrator will identify eligible class members from Pegasus's lease and payment records and send payments automatically. Make sure your current or forwarding address is up to date so your payment reaches you.

Who is included in the Pegasus rental fees settlement class?

The class includes individuals who signed leases at Virginia apartment communities managed by Pegasus Residential and who paid, or were obligated to pay, a pest control fee, a Community Fee, or a Lease Administration Fee between June 23, 2023 and January 29, 2026.

How much money will class members receive?

The total settlement is $3,862,000, allocated as roughly $2,650,000 for Pegasus settlement class members and $1,212,000 for the participating landlords subclass. Individual payments are calculated on a pro rata basis based on the fees each class member paid, so exact amounts vary.

What is the deadline to opt out or object?

Class members who want to exclude themselves (opt out) or object to the settlement must do so by July 13, 2026. Class members who do nothing remain in the settlement and receive an automatic payment.

Is proof or documentation required?

No. Because payments are issued automatically from Pegasus's own lease and payment records, class members do not need to submit receipts, a notice ID, or any documentation to receive their share.