In response to a committee study on the sale of recreational property, the 1978 Virginia General Assembly passed the Subdivided Land Sales Act. This act is designed to control the typical recreational land developer whose development consists of a hundred or more lots, part of which are sold by land sales installment contracts pursuant to a common promotional plan and where the purchasers are to have the use of and access to common facilities and amenities for which they pay annual assessments. It is estimated that there are over three hundred and fifty such recreational developments already existing in Virginia. Another important purpose of the bill is to prevent fraud and deceit in the sale of property and misrepresentation of the facilities that are available or planned. It will restrict the use of installment contracts and will require a general or specific warranty deed when title is actually conveyed.
Elliott H. DeJarnette,
Subdivided Land Sales Act,
U. Rich. L. Rev.
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