Residential Property Disclosure Act; seller required to disclose presence of wastewater system. (HB667)

Introduced By

Del. Joe May (R-Leesburg)

Description

Virginia Residential Property Disclosure Act; wastewater systems.  Adds the following seller's representation to a prospective purchaser of residential property: the owner makes no representations with respect to the presence of any wastewater system, including the type or size thereof and maintenance responsibilities related thereto, located on the property and purchasers are advised to exercise whatever due diligence they deem necessary to determine the presence of any wastewater system, in accordance with terms and conditions as may be contained in the real estate purchase contract, but in any event, prior to settlement pursuant to that contract.   View Full Text »

Outcome

2 votes