Real Estate Ownership: Virginia | Practical Law

Real Estate Ownership: Virginia | Practical Law

A Q&A guide to commercial real estate laws for owners and purchasers in Virginia. This Q&A addresses state laws and customs that impact the ownership and the purchase and sale of commercial real estate, including real property taxes, transfer taxes, instruments for transferring fee title, execution and recording requirements, necessary disclosures, title insurance matters, and risk of loss. Federal, local, or municipal law may impose additional or different requirements. Answers to questions can be compared across a number of jurisdictions (see Real Estate Ownership: State Q&A Tool).

Real Estate Ownership: Virginia

Practical Law State Q&A 3-553-7805 (Approx. 21 pages)

Real Estate Ownership: Virginia

by Katja H. Hill, Whiteford Taylor Preston, with Practical Law Real Estate
Law stated as of 15 Apr 2022United States, Virginia
A Q&A guide to commercial real estate laws for owners and purchasers in Virginia. This Q&A addresses state laws and customs that impact the ownership and the purchase and sale of commercial real estate, including real property taxes, transfer taxes, instruments for transferring fee title, execution and recording requirements, necessary disclosures, title insurance matters, and risk of loss. Federal, local, or municipal law may impose additional or different requirements. Answers to questions can be compared across a number of jurisdictions (see Real Estate Ownership: State Q&A Tool).
Real estate and construction transactions are currently being impacted by emergency measures enacted in response to the 2019 novel coronavirus disease (COVID-19). For current updates on certain state and local laws impacted by COVID-19, including eviction and foreclosure moratoriums, business closures, electronic signatures, recordings and notarization laws, and general crisis management guidance in handling real estate and construction matters, see Real Estate Global Coronavirus Toolkit.