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2005 SESSION
SB 1161 Residential Property Disclosure Act; disclosures for property adjacent to a U.S. Master Jet Base.
Introduced by: Kenneth W. Stolle | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Virginia Residential Property Disclosure Act; required disclosures for property adjacent to a military air station. Requires the owner of residential real property in a locality in which a military air station is located to disclose to a purchaser that the property is located in a noise zone or an accident potential zone, or both. Under the bill, the purchaser's remedies for nondisclosure or inaccurate disclosure include termination of the contract of sale or actual damages.
SUMMARY AS INTRODUCED:
Virginia Residential Property Disclosure Act; required disclosures for property adjacent to a United States Master Jet Base. Requires the owner of residential real property in a locality in which a United States Master Jet Base is located to disclose to a purchaser that the property is located in a noise zone or an accident potential zone, or both. Under the bill, the purchaser's remedies for nondisclosure or inaccurate disclosure include termination of the contract of sale or actual damages.