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The state offered the property for sale and decreased the price, from $30 million to $10 million by 2015, when potential owners failed to materialize. That year the Virginia General Assembly approved a motion for the corrections department to demolish vacant buildings. [7]
The Land Trust of Virginia (LTV) was originally formed in 1991 as the first statewide nonprofit land trust in the Commonwealth of Virginia.LTV uses a legal tool called a conservation easement to help landowners voluntarily protect scenic, historic or environmentally sensitive lands while keeping the land in private ownership and open for compatible uses, including forestry, farming, recreation ...
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the ...
Virginia: fifty acres of vacant land, twenty-five acres of cultivated land, and a house twelve feet by twelve feet; or a town lot and a house twelve feet by twelve Beginning around 1790, individual states began to reassess property ownership as a qualification for enfranchisement.
Nearly the entire property is unusable for building, leaving just a small 600-square-foot corner that can’t accommodate even a modest home due to septic and well requirements.
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