Tag Archives: dpor

Both new laws are consequential, both for vastly different reasons, and both affect Realtors (and consumers) in Virginia.

First, The Residential Property Disclosure Act:

Virginia Residential Property Disclosure Act; disclosure of stormwater detention facilities. Provides that an owner of real property makes no representations with respect to the presence of any stormwater detention facilities located on the property and that purchasers are advised to exercise whatever due diligence they deem necessary to determine the presence of any stormwater detention facilities on the property, in accordance with terms and conditions as may be contained in the real estate purchase contract,

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