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Danville

Virginia

Short Term Rental FAQs for Danville, Virginia.

How restricted are short term rentals in Danville?

Light Restrictions

Does Danville,Virginia have any regulations for short term rentals?

Remit 7% transient lodging tax, 1% short-term rental tax on gross receipts, register dwelling

Does Airbnb automatically remit taxes for short term rentals in Danville?

Currently, Airbnb is collecting and remitting taxes on behalf of the host.

What are the city taxes for Danville

Virginia State FAQs

Is Virginia a judicial or non-judicial state?

Non-Judicial

In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.

As a real estate investor, it is important to understand the differences between judicial and non-judicial states because it can affect the amount of time and money it takes to foreclose on a property. It can also impact the availability of properties that are being foreclosed on and the process of purchasing those properties.

What is the process of closing on a property in Virginia?

Attorneys and title companies conduct real estate closings. Conveyance is by bargain-and-sale deed. Deeds of trust are the customary security instruments. Foreclosure takes about 2 months. Virginians use ALTA policies and endorsements. Buyers pay the title insurance premiums and the various taxes. Property tax payment dates vary.

Property Taxes in Virginia?

Payment dates vary.

In Virginia, does a property management company require a real estate broker's license?

YES. Key components of property management (leasing and renting) are considered real estate activities under existing Virginia real estate licensing laws. If a property manager is going to lease or offer to lease, or rent or offer for rent, any real estate or improvement on real estate, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.

Are there any exceptions to the requirement that a property manager have a broker's license in Virginia?

YES. For example, regularly salaried employees of property owners are exempt if they limit their activities to showing units, providing factual information about the lease and accepting applications, security deposits and rents. For more information about these and other Virginia property management requirements and exceptions, please contact the Virginia Real Estate Board. Before hiring a property manager to manage your Virginia rental property, you should always check that he or she is licensed appropriately. You can check the license status of Virginia property managers using their Licensee Lookup.

Do you need a broker's license to manage community associations in Virginia?

Virginia recently implemented a licensure program for community association management companies. Any firm offering services as a common interest community manager must be licensed. For more information about these and other Virginia community management requirements and exceptions, please contact the Virginia Real Estate Board. Before hiring a community association or condo association manager to manage your Virginia common interest community, you should always check that he or she is licensed appropriately. You can check the license status of Virginia community association managers using their Licensee Lookup.

Real Estate Broker Requirements

Virginia real estate broker licensing requirements include: - Age: must be at least 18 years old - High School: must have a high school diploma or equivalent - Education: must complete 180 hours of education - Exam: must pass the State and National Portions of the broker examination. Exam fee is $60. - Experience: must have been actively engaged as a salesperson for 36 out of the 48 months preceding application for licensure

Real Estate Salesperson Requirements

Virginia real estate salesperson licensing requirements include: - Age: must be at least 18 years old - High School: must have a high school diploma or equivalent - Education: must complete 60 hours of education course "Principles in Real Estate" - Exam: must pass the State and National Portions of the salesperson examination. Exam fee is $60

How do property ownership transfers work in ?

Bargain-and-sale deed. Deeds of trust are the customary security instruments.

Sustainability Resources

The Real Estate industry is one of the most environmentally damaging industries in the world accounting for:
30%
of total carbon dioxide
40%
of all energy
40%
of all raw materials
Our goal is to give you the resources you need to take sustainable action in improving, building, retrofitting and revamping your home. The impacts are real, the benefits significant, and the need critical. Join us in bringing sustainability home and creating a brighter future for all, starting with you.

Save money and do the world a favor!
Here's a list of Sustainability Initiatives in the area:

WaterSense Webinars

WaterSense, a subset of the US EPA, puts on sustainability webinars that have different focuses.

Volunteer with 4Ocean

4Ocean offers volunteer opportunities for those looking to join one of their ocean clean-up events/groups.

Paint Drop-Off Locations - PaintCare Inc.

PaintCare makes it easy to recycle leftover, unwanted paint. PaintCare operatespaint stewardship programs on behalf of paint manufacturers in states that have passed paint stewardship laws.