Virginia Statutes
§ 55.1-1402 — Apportionment on purchase of part of land by holder of rent
Virginia § 55.1-1402
JurisdictionVirginia
Title 55.1Property and Conveyances
Subtitle IIIRental Conveyances
Ch. 14Nonresidential Tenancies
Art. 1General Provisions
This text of Virginia § 55.1-1402 (Apportionment on purchase of part of land by holder of rent) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 55.1-1402 (2026).
Text
When the holder of a rent purchases part of the land out of which the rent issues, such rent shall be apportioned in like manner as if the land had come to him by descent, and when the holder of land that is part of land out of which rent issues purchases such rent or part of it, the rent so purchased shall be apportioned as in like manner as if the land had come to him by descent.
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Legislative History
Code 1919, § 5547; Code 1950, § 55-219; 2019, c. 712.
Nearby Sections
15
§ 55.1-1000
Definitions§ 55.1-1001
Limitation on applicability of chapter§ 55.1-1003
Persons who may act as a settlement agent§ 55.1-1004
Duties of settlement agents§ 55.1-1006
Choice of settlement agent§ 55.1-1007
Disclosure§ 55.1-1008
Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts§ 55.1-1009
Falsifying settlement statements prohibited§ 55.1-1009.1
Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments§ 55.1-1011
Record retention requirementsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 55.1-1402, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/55.1/55.1-1402.