What disclosure obligations exist for licensees representing landlords?

 

Licensees representing landlords in residential lease transactions generally have the same disclosure obligations as licensees representing sellers (§54.1-2133).

Effective July 1, 2020, licensees engaged by landlords with actual knowledge must disclose to prospective tenants the existence of “any pipe, pipe or plumbing fitting, fixture, solder, or flux that does not meet the federal Safe Drinking Water Act definition of ‘lead-free’ pursuant to 42 U.S.C. § 300g-6 in a residential property”. There is, however, no required disclosure regarding defective drywall for licensees engaged by landlords. 

Property managers with actual knowledge must disclose to the owner that the property contains defective drywall § 54.1-2135(D).

Commercial Council