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However, the Residential Property Disclosure Statement requires sellers to make disclosures to buyers in certain situations. Examples: Notice by a locality of a pending building code enforcement action or a zoning violation that has not been resolved. The presence of an unremediated methamphetamine lab.
Is Virginia a due diligence state?
Its worth noting that Virginia is a Buyer-Beware state. This principle underscores the significance of due diligence and exhaustive research before purchasing a property.
Is Virginia a must identify state?
In Virginia, there is no requirement to disclose (or disclaim) whether the property was the site of a homicide, felony, or suicide. These are stigmatizing events, which do not affect the physical nature of the property.
Is Virginia a full disclosure state?
Although federal law requires some basic disclosures across the U.S., Virginia law does not require sellers to disclose much information about their property at all, as described below.
Is Virginia a mandatory disclosure state?
Virginia is a buyer-beware jurisdiction, which means that generally speaking, sellers have little to no disclosure obligations to a potential buyer.
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100 grams or more of methamphetamine, its salts, isomers, or salts of its isomers or 200 grams or more of a mixture or substance containing a detectable amount of methamphetamine, its salts, isomers, or salts of its isomers shall be guilty of a felony punishable by a fine of not more than $1 million and imprisonment
Related links
55.1-708. Required disclosures; property previously used
The owner shall provide to a prospective purchaser a written disclosure that so states. Such disclosure shall be provided to the purchaser on a form provided
by C Bobo 2014 The federal government should articulate minimum requirements for methamphetamine lab remediation. Part I of this Note first examines the scope of meth
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