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2006 SESSION

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SB 670 Residential Property Disclosure Act; disclosure of resource protection areas.

Introduced by: Jay O'Brien | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Virginia Residential Property Disclosure Act; disclosure of resource protection areas.  Provides that the owner of residential real property makes no representation whether the property is located in any resource protection areas or other environmentally protected zones that are subject to governmental regulation.  The bill requires the notice to advise purchasers to use whatever due diligent to determine if the property is located in such an area, including review of any official maps.

SUMMARY AS INTRODUCED:

Virginia Residential Property Disclosure Act; disclosure of resource protection areas. Requires the owner of residential real property located in any resource protection areas and other environmentally protected zones that are subject to governmental regulation, to furnish to a purchaser a written disclosure stating that such property is located in such a resource protection area or other environmentally protected zone.