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§ 55.1-1505. (Effective October 1, 2019) Incorporation of agreement into deed

VA Code § 55.1-1505 (2019) (N/A)
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A ground rent agreement made pursuant to the provisions of this chapter may be incorporated into the deed or other instrument of transfer in the following form:

This deed is subject to annual ground rent or charge as follows:

1. Date of agreement: ______;

2. Parties:

a. Obligor: ______; and

b. Obligee: ______;

3. Ground rent and any future adjustments to it: ______;

4. When payable: ______;

5. Duration: ______;

6. Original value of land: ______; and

7. Redemption price, if agreed on: ______.

1975, c. 363, § 55-79.06; 2019, c. 712.

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§ 55.1-1504. (Effective October 1, 2019) Redemption rights
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