15.2-2244.1 - Additional method for subdivision of a lot for conveyance to a family member. - Virginia Statutes

§ 15.2-2244.1. Additional method for subdivision of a lot for conveyance to afamily member.

In addition to § 15.2-2244, a locality may include in its subdivisionordinance provisions permitting a single division of a lot or parcel for thepurpose of sale or gift to a member of the immediate family, as defined in §15.2-2244, of the property owner, if (i) the property has been owned for atleast 15 consecutive years by the current owner or member of the immediatefamily and (ii) the property owner agrees to place a restrictive covenant onthe subdivided property that would prohibit the transfer of the property to anonmember of the immediate family for a period of 15 years. Notwithstandingthe provisions of clause (ii), a locality may reduce or provide exceptions tothe period of years prescribed in such clause when changed circumstances sorequire. Upon such modification of a restrictive covenant, a locality shallexecute a writing reflecting such modification, which writing shall berecorded in accordance with § 17.1-227. The locality may require that thesubdivided lot is no more than one acre and otherwise meets any other expressrequirement contained in the Code of Virginia or imposed by the localgoverning body.

(2006, c. 456; 2007, c. 856.)