18 Va. Admin. Code § 48-30-190

Current through Register Vol. 41, No. 9, December 16, 2024

Section 18VAC48-30-190 - Narrative sections; condominium concept

The public offering statement shall contain a section captioned "The Condominium Concept." The section shall consist of a brief discussion of the condominium form of ownership. The section shall discuss the distinction among units, common elements and limited common elements, if any, and shall explain ownership of an undivided interest in the common elements. Attention shall be directed to any features of ownership of the condominium units being offered that are different from typical condominium unit ownership.

Derived From Virginia Register Volume 31, Issue 20, eff. 8/1/2015.

Statutory Authority: § 54.1-2349 of the Code of Virginia.