Lease agreements; requirements; emergency. (SB1422)

Introduced By

Sen. Mark Obenshain (R-Harrisonburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Lease agreements; requirements; emergency. Specifies that a lease agreement or other written document conveying a non-freehold estate in land is not invalid, unenforceable, or subject to repudiation by the parties to such agreement on account of, or otherwise affected by, the fact that the conveyance of the estate was not in the form of a deed. Current law requires a lease for a term of more than five years to be in the form of a deed. The bill further replaces all references throughout the Code to "deed of lease" with the term "lease." This bill is in response to The Game Place, L.L.C., et al. v. Fredericksburg 35, LLC, 295 Va. 396, 813 S.E.2d 312 (Va. 2018). The bill contains an emergency clause. Amends § 55-2, § 55-57, § 55-76, § 55-77, § 55-79, § 58.1-807, of the Code of Virginia. Read the Bill »

Status

01/21/2019: In Committee

History

DateAction
01/08/2019Prefiled and ordered printed with emergency clause; offered 01/09/19 19101654D
01/08/2019Referred to Committee for Courts of Justice
01/14/2019Reported from Courts of Justice (13-Y 0-N) (see vote tally)
01/15/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/16/2019Read second time and engrossed
01/17/2019Read third time and passed Senate (40-Y 0-N) (see vote tally)
01/21/2019Placed on Calendar
01/21/2019Read first time
01/21/2019Referred to Committee on General Laws

Duplicate Bills

The following bills are identical to this one: HB2287.

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