How many residential units must a nonresident property owner have in Virginia to require a resident agent?

Prepare for the Virginia Real Estate License Test. Use flashcards and multiple-choice questions with hints and comprehensive explanations to ace your exam. Start your study today!

A nonresident property owner must have four or more residential units in Virginia to be required to appoint a resident agent. This regulation is designed to ensure that property owners who own multiple units and are not physically present in the state have a designated representative available for legal and official communications. Appointing a resident agent aids in managing responsibilities related to property ownership, such as service of process, and allows for smoother interactions with local authorities and tenants.

When a nonresident owner has fewer than four residential units, the law does not mandate a resident agent, likely due to the reduced complexity and potential administrative burden associated with managing just a few properties. This distinction balances the need for oversight with the practicalities of property management for smaller operations.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy