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2014 SESSION

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HB 835 Virginia Residential Property Disclosure Act; disclosure of underground pipelines or storage tanks.

Introduced by: Mark L. Keam | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Residential Property Disclosure Act; underground pipelines. Requires the disclosure that the owner/seller of residential real property makes no representations with respect to the presence of any underground pipelines or storage tanks carrying hazardous material such as natural gas or oil and that purchasers are advised to exercise whatever due diligence they deem necessary to determine the presence of any pipeline that may lie beneath the property, including using the National Pipeline Mapping System's (NPMS) public viewer, in accordance with terms and conditions as may be contained in the real estate purchase contract, but in any event prior to settlement pursuant to that contract.


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