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§ 55-1-1505 — Virginia Law | CourtGPT
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Virginia Legal Code

§ 55-1-1505

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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:\nThis deed is subject to annual ground rent or charge as follows:\n1. Date of agreement: ______;\n2. Parties:\na. Obligor: ______; and\nb. Obligee: ______;\n3. Ground rent and any future adjustments to it: ______;\n4. When payable: ______;\n5. Duration: ______;\n6. Original value of land: ______; and\n7. Redemption price, if agreed on: ______.\n1975, c. 363, § 55-79.06; 2019, c. 712.