Virginia HB723 regulates the subdivision of property, requiring plat approval and compliance with subdivision ordinances.
Virginia HB723 mandates that no plat of a subdivision can be recorded without approval from the locality's designated agent. It imposes fines for non-compliance and requires adherence to all bounds in the transfer document. The bill also specifies that subdivisions created more than two years prior to the sale or transfer of residential property, and more than three years prior for commercial or nonresidential property, are deemed lawful. However, this does not exempt the transaction from penalties for non-compliance.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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