Va. Code § 55.1-2015

Current with changes from the 2024 legislative session through ch. 845

Section 55.1-2015 - Payment of assessments upon conveyance of apartment; priority

Upon the sale or conveyance of an apartment, all unpaid assessments against a co-owner for his pro rata share in the expenses provided for in § 55.1-2014 shall first be paid out of the sale price or by the purchaser in priority over any other assessments or charges of whatever nature except the following:

1. Assessments, liens, and charges in favor of the Commonwealth or any locality for taxes past due and unpaid on the apartment; and

2. Payments due under mortgages duly recorded.

Va. Code § 55.1-2015

1962, c. 627, § 15, § 55-79.15; 2019, c. 712.

Added by Acts 2019 c. 712, § 1, eff. 10/1/2019.