Contracts
The Virginia Residential Property Disclosure Act requires sellers to provide buyers with a disclosure statement on what basis?
AFull disclosure of all known defects with detailed inspection reports
BA disclaimer notice (as-is disclosure) with no warranty by the seller✓ Correct
CA warranty that the property meets all building codes
DA disclosure only if the property has been renovated in the past 5 years
Explanation
Virginia's Residential Property Disclosure Act uses a disclaimer approach: sellers provide a standard disclosure/disclaimer statement stating the property is sold 'as-is' without warranties, and buyers are encouraged to conduct their own inspections.
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