55-79.04 - Encumbrance on real property. - Virginia Statutes

§ 55-79.04. Encumbrance on real property.

A residential ground rent shall constitute a lien against the real estatefrom the time it is recorded, in a like manner as would a deed of trust ormortgage. Any deed of trust or mortgage may provide that a default in paymentof ground rent shall constitute a default in such deed of trust or mortgage;that the trustee or beneficiary thereunder may satisfy such obligation forrent, and that the money so advanced, with interest thereon, shall be a partof the debt secured, to be repaid as provided in § 55-59 et seq.

(1975, c. 363.)