Source: http://www.dpor.virginia.gov/news/residential_property_disclosures/
Timestamp: 2019-10-18 07:26:19
Document Index: 739819032

Matched Legal Cases: ['§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55']

Home > Residential Property Disclosures
The Virginia Residential Property Disclosure Act (§ 55.1-700 et seq. of the Code of Virginia) governs the information owners must disclose to prospective purchasers of residential real property.
Certain residential property transfers are excluded from the requirements (see § 55.1-702).
FORMS for residential transactions that require affirmative written disclosures, in accordance with the Virginia Residential Property Disclosure Act ( § 55.1-700 et seq. of the Code of Virginia), are available here.
FIRST SALE OF A DWELLING: Transfers involving the first sale of a dwelling are exempt from the disclosure requirements of the Act, except § 55.1-702.B requires that the builder shall disclose in writing to the purchaser all known material defects which would constitute a violation of any applicable building code. (If no defects are known by the builder to exist, no written disclosure is required.)
§ 55.1-704 contains a disclosure requirement for properties located in any locality in which there is a military air installation.
§ 55.1-705 contains a disclosure requirement for properties with defective drywall.
§ 55.1-706 contains a disclosure requirement for properties with pending building code or zoning ordinance violations.
§ 55.1-708 contains a disclosure requirement for properties previously used to manufacture methamphetamine.
SEE ALSO the Virginia Condominium Act (§ 55.1-1900 et seq.), the Virginia Real Estate Cooperative Act (§ 55.1-2100 et seq.), and the Virginia Property Owners’ Association Act (§ 55.1-1800 et seq.).
rev 10/01/2019