SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2011 SESSION

  • | print version

SB 942 Defective Chinese drywall; disclosure of information, real estate tax exemption.

Introduced by: John C. Miller | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Defective Chinese drywall; disclosure, assessed value, real estate tax exemption.  Requires licensees engaged by sellers and buyers, and landlords who have actual knowledge of defective Chinese drywall in a dwelling unit, to disclose that information to the prospective tenant or buyer. If a tenant is not provided disclosure within 60 days of discovery of defective drywall he may terminate the lease. The bill also provides upon confirmation by a building official that defective Chinese drywall is present, that the commissioner or other assessing official may reassess the property accordingly. Local governments may also place the property in a rehabilitation district for purposes of granting the owner a partial real estate tax exemption. This bill is a recommendation of the Housing Commission. This bill is identical to HB 1610.


FULL TEXT

AMENDMENTS

HISTORY