™Your Policy Risk Impact Agent
32 chapters · 875 sections in this title.
Va. Code Ann. § 55.1-2300 Definitions
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As used in this chapter, unless the context requires a different meaning: "Agent" means any person who represents or acts for or on behalf of a developer in the disposition of any lot in a subdivision, but does not include an attorney whose representation of another person consis…
Va. Code Ann. § 55.1-2301 Exemptions
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Unless the method of disposition is adopted for the purposes of evasion of this chapter, the provisions of this chapter shall not apply to: 1. The sale of a subdivision to a single purchaser for his own account in a single or isolated transaction; 2. The disposition of lots in a …
Va. Code Ann. § 55.1-2302 Transfer of ownership
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It is unlawful for the developer to transfer fee simple ownership of a lot or parcel within a subdivision to a purchaser by any other means than by a general or special warranty deed or other deed complying with Chapter 3 (§ 55.1-300 et seq.).
Va. Code Ann. § 55.1-2303 Blanket encumbrances
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A. It is unlawful for any developer or agent to sell or lease a lot in a subdivision that is subject to a blanket encumbrance unless the blanket encumbrance or effective supplemental agreement contains a release provision permitting legal title to individual lots or other interes…