Legal Question in Real Estate Law in Virginia
Titles
Is it possible to take title to property in the
name of a general partnership in the state of
Virginia. What are the necessary proceedures if
so. Would a land trust be a better choice.
Asked on 4/11/99, 12:14 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: Titles
Yes, a partnership can take title to Va. real property. Whether that, a trust, or another entity is the best for you, will depend on the facts of your situation. You should see a lawyer familiar with real estate law.
Daniel Press
Chung & Press, P.C.
6723 Whittier Ave., Suite 302
Answered on 4/13/99, 9:32 pm