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2020 SESSION

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HB 174 Va. Residential Property Disclosure Act; required disclosures for buyer to beware, marine clays.

Introduced by: Paul E. Krizek (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Residential Property Disclosure Act; required disclosures for buyer to beware; marine clays. Provides that the owner of residential property makes no representations with respect to whether the property is located on or near deposits of marine clays (marumsco soils). The bill also advises purchasers to exercise whatever due diligence is deemed necessary in accordance with terms and conditions as may be contained in the real estate purchase contract, including consulting public resources regarding local soil conditions and having the soil and structural conditions of the property analyzed by a qualified professional.


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