Virginia § 55.1-1505 Incorporation of agreement into deed

Virginia Statutes

§ 55.1-1505 — Incorporation of agreement into deed

Virginia § 55.1-1505

Title 55.1Property and Conveyances

Subtitle IIIRental Conveyances

Ch. 15Residential Ground Rent Act

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Bluebook

Va. Code Ann. § 55.1-1505 (2026).

Text

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: ______.

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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: ______.