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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74948</law_id><section_number>55.1-1505</section_number><catch_line>Incorporation of agreement into deed</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="55.1">Property and Conveyances</unit><unit label="subtitle" level="2" order_by="1" identifier="III">Rental Conveyances</unit><unit label="chapter" level="3" order_by="1" identifier="15">Residential Ground Rent Act</unit></structure><text>
						<section><p>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:
		This deed is subject to annual ground rent or charge as follows:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> Date of agreement: ______; <a id="paragraph-269244" class="section-permalink" href="https://vacode.org/55.1-1505/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Parties:
			a. <span class="dictionary">Obligor</span>: ______; and
			b. <span class="dictionary">Obligee</span>: ______; <a id="paragraph-269245" class="section-permalink" href="https://vacode.org/55.1-1505/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> Ground rent and any future adjustments to it: ______; <a id="paragraph-269246" class="section-permalink" href="https://vacode.org/55.1-1505/#3"><i class="fa fa-link"/></a></p></section>
						<section id="4"><p><span class="prefix-number">4.</span> When payable: ______; <a id="paragraph-269247" class="section-permalink" href="https://vacode.org/55.1-1505/#4"><i class="fa fa-link"/></a></p></section>
						<section id="5"><p><span class="prefix-number">5.</span> Duration: ______; <a id="paragraph-269248" class="section-permalink" href="https://vacode.org/55.1-1505/#5"><i class="fa fa-link"/></a></p></section>
						<section id="6"><p><span class="prefix-number">6.</span> Original value of <span class="dictionary">land</span>: ______; and <a id="paragraph-269249" class="section-permalink" href="https://vacode.org/55.1-1505/#6"><i class="fa fa-link"/></a></p></section>
						<section id="7"><p><span class="prefix-number">7.</span> <span class="dictionary">Redemption</span> price, if agreed on: ______. <a id="paragraph-269250" class="section-permalink" href="https://vacode.org/55.1-1505/#7"><i class="fa fa-link"/></a></p></section></text><history>1975, c. 363, &#xA7; 55-79.06; 2019, c. 712.</history><metadata></metadata></law>
