55-343 - Restraints on alienation. - Virginia Statutes

§ 55-343. Restraints on alienation.

It shall be unlawful to restrain the owner of a lot in a subdivision fromoffering that lot for sale or lease, provided leasing of the lot is notspecifically prohibited by recorded covenant, or from selling or leasing suchlot. Any deed restriction or recorded covenant which creates a right of firstrefusal in excess of thirty days or creates a sales restraint which denieslot owners the right to post for-sale signs of reasonable size, shall be nulland void.

(1978, c. 510.)