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Defective drywall disclosure statement - DPOR - Virginia

Defective drywall disclosure statement - DPOR - Virginia 2025

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The document is a Defective Drywall Disclosure Statement required by the Virginia Real Estate Board, informing prospective purchasers that the property may contain defective drywall. It mandates property owners to disclose known issues related to drywall that could release harmful gases, particularly if sourced from certain imports between 2004 and 2007. The statement includes sections for owner and purchaser signatures to acknowledge receipt of the disclosure.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the property address and legal description in the designated fields. This information is crucial as it identifies the specific property being disclosed.
In the section labeled 'Owner', input the names of all property owners who have actual knowledge of the defective drywall. Ensure that each owner signs and dates their acknowledgment.
Next, move to the 'Purchaser' section where prospective buyers will acknowledge receipt of this disclosure. Each purchaser must also sign and date this section.
Review all entered information for accuracy before finalizing your document. This ensures compliance with Virginia law regarding defective drywall disclosures.

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What is the purpose of a disclosure statement?

A disclosure statement, in a legal context, refers to a written document that provides important information about a particular transaction, agreement, or relationship between parties.

What must builders of new residential construction in Virginia disclose to potential buyers?

Notwithstanding the provisions of subdivision A 9, the builder of a new dwelling shall disclose in writing to the purchaser all known material defects that would constitute a violation of any applicable building code.

Does Virginia require seller disclosure?

The Virginia Residential Property Disclosure Act (found in the Code of Virginia 55-1-700 and following) governs the information that most home sellers must disclose to prospective buyers on a signed Residential Property Disclosure Statement. (This form can be found at the Virginia governments website for the

What is the Virginia residential property disclosure statement?

The Virginia Residential Property Disclosure act is a statutory scheme enacted by the General Assembly of Virginia that requires a seller of real estate in Virginia to furnish to a purchaser a residential property disclosure statement for the buyer to beware of certain matters that may affect the buyers decision to

Is Virginia a 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.

What is the purpose of the residential property disclosure statement form in Virginia?

The owner of the residential real property shall furnish to a purchaser a residential property disclosure statement for the buyer to beware of certain matters that may affect the buyers decision to purchase such real property. Such statement shall be provided by the Real Estate Board on its website.

Which Virginia Act outlines real estate related disclosure requirements?

The Virginia Residential Property Disclosure Act ( 55.1-700 et seq. of the Code of Virginia) governs the information owners must disclose to prospective purchasers of residential real property. Certain residential property transfers are excluded from the requirements (see 55.1-702).

What does RPD stand for in real estate?

Real Property Development (RPD)

Defective drywall disclosure statement - DPOR - Virginia 2025

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