Which type of properties is NOT covered by CRESPA?

The correct choice here is that mixed-use commercial properties are not covered by the Virginia Residential Property Disclosure Act (CRESPA). CRESPA is specifically designed to apply to residential properties, which typically include single-family homes, condominiums, and two to four-unit residential properties.

Mixed-use commercial properties, however, combine residential and commercial elements, and the regulations that govern them are significantly different from those that apply to purely residential properties. Since CRESPA focuses on protecting buyers and renters in the residential real estate market by requiring disclosures related to the property's condition and history, it doesn't extend its coverage to properties intended for commercial use.

This distinction is important for real estate practitioners to understand, as it affects the kinds of disclosures required and the legal obligations of property owners and agents dealing in mixed-use situations.