The rents and profits of the property set apart shall be exempt in the same manner as the corpus of such property and if the whole real and personal estate set apart be not of greater value than the amount the householder is entitled to exempt at the time it is so set apart, the exemption thereof shall not be affected by any increase in its value afterwards, unless such increase consists of permanent improvements placed upon real estate set apart by means derived from some source other than exempt property.
Va. Code Ann. § 34-18
Rents and profits exempt; increase in value of estate set apart
Applied in 2 court decisions — leading case Cheeseman v. Nachman (1981)
Most recently applied in In Re Moore (December 2008)
Code 1919, § 6544; 1975, c. 466; 1977, c. 496; 1990, c. 942.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.