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32 chapters · 875 sections in this title.
Va. Code Ann. § 55.1-1500 Definitions
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As used in this chapter: "Land" is a three-dimensional concept and includes parcels with upper or lower boundaries, or both upper and lower boundaries, as well as parcels extending ab solo usque ad coelum. Parcels of airspace constitute land within the meaning of this chapter. An…
Va. Code Ann. § 55.1-1501 Form of instrument
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Any agreement in which a residential ground rent is created shall: 1. Be reduced to writing; 2. Be in recordable form; and 3. Disclose the date, the names of the parties, the ground rent and any future adjustments to the ground rent, when such rent is payable, the duration of the…
Va. Code Ann. § 55.1-1502 Changes in amount of rent
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The amount of a residential ground rent may be changed on demand of either the obligor or obligee at the end of five years from the date of the agreement, and every five years thereafter, by giving notice to the other party by certified mail or overnight delivery using a commerci…
Va. Code Ann. § 55.1-1503 Encumbrance on real property
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A residential ground rent shall constitute a lien against the real estate from the time it is recorded. Any deed of trust or mortgage may provide that a default in payment of ground rent shall constitute a default in such deed of trust or mortgage, that the trustee or beneficiary…