Code of Virginia - Title 55 Property And Conveyances - Section 55-343 Restraints on alienation

§ 55-343. Restraints on alienation

It shall be unlawful to restrain the owner of a lot in a subdivision from offering that lot for sale or lease, provided leasing of the lot is not specifically prohibited by recorded covenant, or from selling or leasing such lot. Any deed restriction or recorded covenant which creates a right of first refusal in excess of thirty days or creates a sales restraint which denies lot owners the right to post for-sale signs of reasonable size, shall be null and void.

(1978, c. 510.)

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Last modified: April 3, 2009