§ 55.1-2008 Master deed or lease; recordation; particulars
A master deed or lease shall be recorded in the same manner and subject to the same provisions of law as are other deeds, provided that no state or local recordation tax upon the value of the property transferred shall apply to any such deed recorded solely for the purpose of complying with the provisions of § 55.1-2003. The master deed or lease required pursuant to § 55.1-2003 shall include the following particulars:
1. The description of the land, whether leased or in fee simple, and the building, expressing their respective areas;
2. The general description and the number of each apartment, expressing its area, location, and any other data necessary for its identification;
3. The description of the general common elements of the building; and
4. The provisions requiring the council of co-owners to maintain insurance on the horizontal property regime.
History
This law was first created in 1962. The record of its establishment is cataloged in chapter 627 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1962 “Acts” aren’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 683; in 1973, chapter 375; in 2019, chapter 712.
1962, c. 627, § 7, § 55-79.7; 1966, c. 683; 1973, c. 375; 2019, c. 712.