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Full-Text Articles in Law

Closing The Closing Gap, James G. Cosby Jan 1978

Closing The Closing Gap, James G. Cosby

University of Richmond Law Review

It has been twenty-six years since Professor (now Dean) Emerson G. Spies of the University of Virginia School of Law first called for much-needed basic reform in the conveyancing of real property. Professor Spies suggestions centered around the need for a Marketable Title Act, tract indexes, and the development and use of standards for title examination.


Subdivided Land Sales Act, Elliott H. Dejarnette Jan 1978

Subdivided Land Sales Act, Elliott H. Dejarnette

University of Richmond Law Review

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. …