{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-1800.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-1800.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-1800.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-1800.html"}],"law_id":65321,"edition_id":1,"section_id":65321,"structure_id":13841,"section_number":"55.1-1800","catch_line":"Definitions","history":"1989, c. 679, \u00a7 55-509; 1991, c. 667; 1996, c. 618; 1998, c. 623; 2001, c. 715; 2002, c. 459; 2003, c. 422; 2008, cc. 851, 871; 2011, c. 334; 2015, cc. 93, 410; 2019, c. 712; 2021, Sp. Sess. I, cc. 9, 494; 2023, cc. 387, 388; 2024, c. 324.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Association” means the property owners’ association.\n\t\t“Board of directors” means the executive body of a property owners’ association or a committee that is exercising the power of the executive body by resolution or bylaw.\n\t\t“Capital components” means those items, whether or not a part of the common area, for which the association has the obligation for repair, replacement, or restoration and for which the board of directors determines funding is necessary.\n\t\t“Common area” means property within a development which is owned, leased, or required by the declaration to be maintained or operated by a property owners’ association for the use of its members and designated as a common area in the declaration.\n\t\t“Common interest community” means the same as that term is defined in \u00a7 54.1-2345.\n\t\t“Common interest community manager” means the same as that term is defined in \u00a7 54.1-2345.\n\t\t“Declarant” means the person or entity signing the declaration and its successors or assigns who may submit property to a declaration.\n\t\t“Declaration” means any instrument, however denominated, recorded among the land records of the county or city in which the development or any part of such development is located, that either (i) imposes on the association maintenance or operational responsibilities for the common area or (ii) creates the authority in the association to impose on lots, on the owners or occupants of such lots, or on any other entity any mandatory payment of money in connection with the provision of maintenance or services for the benefit of some or all of the lots, the owners or occupants of the lots, or the common area. “Declaration” includes any amendment or supplement to the instruments described in this definition. “Declaration” does not include a declaration of a condominium, real estate cooperative, time-share project, or campground.\n\t\t“Development” means real property located within the Commonwealth subject to a declaration which contains both lots, at least some of which are residential or are occupied for recreational purposes, and common areas with respect to which any person, by virtue of ownership of a lot, is a member of an association and is obligated to pay assessments provided for in a declaration.\n\t\t“Electronic means” means any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient of such communication. A meeting conducted by electronic means includes a meeting conducted via teleconference, videoconference, Internet exchange, or other electronic methods. Any term used in this definition that is defined in \u00a7 59.1-480 of the Uniform Electronic Transactions Act shall have the meaning set forth in such section.\n\t\t“Lot” means (i) any plot or parcel of land designated for separate ownership or occupancy shown on a recorded subdivision plat for a development or the boundaries of which are described in the declaration or in a recorded instrument referred to or expressly contemplated by the declaration, other than a common area, and (ii) a unit in a condominium association or a unit in a real estate cooperative if the condominium or cooperative is a part of a development.\n\t\t“Lot owner” means one or more persons who own a lot, including any purchaser of a lot at a foreclosure sale, regardless of whether the deed is recorded in the land records where the lot is located. “Lot owner” does not include any person holding an interest in a lot solely as security for a debt.\n\t\t“Professionally managed” means a common interest community that has engaged (i) a common interest community manager to provide management services to the community or (ii) a person as an employee for compensation to provide management services to the community, other than a resident of the community who provides bookkeeping, billing, or recordkeeping services for that community.\n\t\t“Property owners’ association” or “association” means an incorporated or unincorporated entity upon which responsibilities are imposed and to which authority is granted in the declaration.\n\t\t“Resale certificate” means a certificate issued by an association pursuant to \u00a7\u00a7 55.1-2309 and 55.1-2310.\n\t\t“Reserve study” means a capital budget planning tool used to determine the physical status and estimated repair or replacement cost of capital components and an analysis of association funding capacity to maintain, repair, and replace capital components.\n\t\t“Settlement agent” means the same as that term is defined in \u00a7 55.1-1000.","order_by":null,"text":{"0":{"id":237546,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Association” means the property owners’ association.\n\t\t“Board of directors” means the executive body of a property owners’ association or a committee that is exercising the power of the executive body by resolution or bylaw.\n\t\t“Capital components” means those items, whether or not a part of the common area, for which the association has the obligation for repair, replacement, or restoration and for which the board of directors determines funding is necessary.\n\t\t“Common area” means property within a development which is owned, leased, or required by the declaration to be maintained or operated by a property owners’ association for the use of its members and designated as a common area in the declaration.\n\t\t“Common interest community” means the same as that term is defined in \u00a7 54.1-2345.\n\t\t“Common interest community manager” means the same as that term is defined in \u00a7 54.1-2345.\n\t\t“Declarant” means the person or entity signing the declaration and its successors or assigns who may submit property to a declaration.\n\t\t“Declaration” means any instrument, however denominated, recorded among the land records of the county or city in which the development or any part of such development is located, that either (i) imposes on the association maintenance or operational responsibilities for the common area or (ii) creates the authority in the association to impose on lots, on the owners or occupants of such lots, or on any other entity any mandatory payment of money in connection with the provision of maintenance or services for the benefit of some or all of the lots, the owners or occupants of the lots, or the common area. “Declaration” includes any amendment or supplement to the instruments described in this definition. “Declaration” does not include a declaration of a condominium, real estate cooperative, time-share project, or campground.\n\t\t“Development” means real property located within the Commonwealth subject to a declaration which contains both lots, at least some of which are residential or are occupied for recreational purposes, and common areas with respect to which any person, by virtue of ownership of a lot, is a member of an association and is obligated to pay assessments provided for in a declaration.\n\t\t“Electronic means” means any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient of such communication. A meeting conducted by electronic means includes a meeting conducted via teleconference, videoconference, Internet exchange, or other electronic methods. Any term used in this definition that is defined in \u00a7 59.1-480 of the Uniform Electronic Transactions Act shall have the meaning set forth in such section.\n\t\t“Lot” means (i) any plot or parcel of land designated for separate ownership or occupancy shown on a recorded subdivision plat for a development or the boundaries of which are described in the declaration or in a recorded instrument referred to or expressly contemplated by the declaration, other than a common area, and (ii) a unit in a condominium association or a unit in a real estate cooperative if the condominium or cooperative is a part of a development.\n\t\t“Lot owner” means one or more persons who own a lot, including any purchaser of a lot at a foreclosure sale, regardless of whether the deed is recorded in the land records where the lot is located. “Lot owner” does not include any person holding an interest in a lot solely as security for a debt.\n\t\t“Professionally managed” means a common interest community that has engaged (i) a common interest community manager to provide management services to the community or (ii) a person as an employee for compensation to provide management services to the community, other than a resident of the community who provides bookkeeping, billing, or recordkeeping services for that community.\n\t\t“Property owners’ association” or “association” means an incorporated or unincorporated entity upon which responsibilities are imposed and to which authority is granted in the declaration.\n\t\t“Resale certificate” means a certificate issued by an association pursuant to \u00a7\u00a7 55.1-2309 and 55.1-2310.\n\t\t“Reserve study” means a capital budget planning tool used to determine the physical status and estimated repair or replacement cost of capital components and an analysis of association funding capacity to maintain, repair, and replace capital components.\n\t\t“Settlement agent” means the same as that term is defined in \u00a7 55.1-1000.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13841,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":13840,"metadata":{},"date_created":"2026-06-26 03:46:02","date_modified":"2026-06-26 03:46:02","permalink":{"id":246477,"object_type":"structure","relational_id":13841,"identifier":"1","token":"55.1\/IV\/18\/1","url":"\/55.1\/IV\/18\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13840,"edition_id":1,"name":"Property Owners' Association Act","identifier":"18","label":"chapter","depth":3,"order_by":1,"parent_id":12914,"metadata":{},"date_created":"2026-06-26 03:46:02","date_modified":"2026-06-26 03:46:02","permalink":{"id":246475,"object_type":"structure","relational_id":13840,"identifier":"18","token":"55.1\/IV\/18","url":"\/55.1\/IV\/18\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12914,"edition_id":1,"name":"Common Interest Communities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:44:01","date_modified":"2026-06-26 03:44:01","permalink":{"id":246473,"object_type":"structure","relational_id":12914,"identifier":"IV","token":"55.1\/IV","url":"\/55.1\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65321,"structure_id":13841,"section_number":"55.1-1800","catch_line":"Definitions","url":"\/55.1-1800\/","token":"55.1\/IV\/18\/1\/55.1-1800","metadata":false},{"id":82472,"structure_id":13841,"section_number":"55.1-1801","catch_line":"Applicability","url":"\/55.1-1801\/","token":"55.1\/IV\/18\/1\/55.1-1801","metadata":false},{"id":85587,"structure_id":13841,"section_number":"55.1-1802","catch_line":"Developer to register and file annual report; payment of real estate taxes attributable to the common area","url":"\/55.1-1802\/","token":"55.1\/IV\/18\/1\/55.1-1802","metadata":false},{"id":65739,"structure_id":13841,"section_number":"55.1-1803","catch_line":"Limitation on certain contracts and leases by declarant","url":"\/55.1-1803\/","token":"55.1\/IV\/18\/1\/55.1-1803","metadata":false},{"id":61475,"structure_id":13841,"section_number":"55.1-1804","catch_line":"Documents to be provided by declarant upon transfer of control","url":"\/55.1-1804\/","token":"55.1\/IV\/18\/1\/55.1-1804","metadata":false},{"id":56849,"structure_id":13841,"section_number":"55.1-1805","catch_line":"Association charges","url":"\/55.1-1805\/","token":"55.1\/IV\/18\/1\/55.1-1805","metadata":false},{"id":65878,"structure_id":13841,"section_number":"55.1-1806","catch_line":"Rental of lots","url":"\/55.1-1806\/","token":"55.1\/IV\/18\/1\/55.1-1806","metadata":false},{"id":54855,"structure_id":13841,"section_number":"55.1-1807","catch_line":"Statement of lot owner rights","url":"\/55.1-1807\/","token":"55.1\/IV\/18\/1\/55.1-1807","metadata":false}],"next_section":{"id":82472,"structure_id":13841,"section_number":"55.1-1801","catch_line":"Applicability","url":"\/55.1-1801\/","token":"55.1\/IV\/18\/1\/55.1-1801","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-1800\/","history_text":"

This law was first created in 1989. The record of its establishment is cataloged in chapter 679 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1989 \u201cActs\u201d aren\u2019t available online. It has been modified 12 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1991, chapter 667; in 1996, chapter 618<\/a>; in 1998, chapter 623<\/a>; in 2001, chapter 715<\/a>; in 2002, chapter 459<\/a>; in 2003, chapter 422<\/a>; in 2008, chapters 851<\/a> and 871<\/a>; in 2011, chapter 334<\/a>; in 2015, chapters 93<\/a> and 410<\/a>; in 2019, chapter 712<\/a>; in 2023, chapters 387<\/a> and 388<\/a>; in 2024, chapter 324<\/a>.<\/p>","references":[{"id":79728,"section_number":"15.2-110","catch_line":"Authority to require approval by common interest community association","order_by":null,"url":"\/15.2-110\/"},{"id":63216,"section_number":"15.2-2288.7","catch_line":"Local regulation of solar facilities","order_by":null,"url":"\/15.2-2288.7\/"},{"id":75113,"section_number":"15.2-2297","catch_line":"Same; conditions as part of a rezoning or amendment to zoning map","order_by":null,"url":"\/15.2-2297\/"},{"id":63949,"section_number":"15.2-2298","catch_line":"Same; additional conditions as a part of rezoning or zoning map amendment in certain high-growth localities","order_by":null,"url":"\/15.2-2298\/"},{"id":71508,"section_number":"15.2-2303","catch_line":"Conditional zoning in certain localities","order_by":null,"url":"\/15.2-2303\/"},{"id":69383,"section_number":"15.2-901","catch_line":"Locality may provide for removal or disposal of trash and clutter, cutting of grass, weeds, and running bamboo; penalty in certain counties; penalty","order_by":null,"url":"\/15.2-901\/"},{"id":79079,"section_number":"15.2-958.3","catch_line":"Commercial Property Assessed Clean Energy (C-PACE) financing programs","order_by":null,"url":"\/15.2-958.3\/"},{"id":84096,"section_number":"15.2-979","catch_line":"Notice of sale under deed of trust","order_by":null,"url":"\/15.2-979\/"},{"id":81829,"section_number":"15.2-983","catch_line":"Creation of registry for short-term rental of property","order_by":null,"url":"\/15.2-983\/"},{"id":64189,"section_number":"15.2-987","catch_line":"Rentals for 30 consecutive days or longer","order_by":null,"url":"\/15.2-987\/"},{"id":72168,"section_number":"16.1-77","catch_line":"Civil jurisdiction of general district courts; amending amount of claim","order_by":null,"url":"\/16.1-77\/"},{"id":68405,"section_number":"46.2-1231","catch_line":"Ticketing, removal, or immobilization of trespassing vehicles by owner or operator of parking or other lot or building; charges","order_by":null,"url":"\/46.2-1231\/"},{"id":69434,"section_number":"46.2-1232","catch_line":"Localities may regulate removal or immobilization of trespassing vehicles","order_by":null,"url":"\/46.2-1232\/"},{"id":81825,"section_number":"46.2-878","catch_line":"Authority to change speed limits","order_by":null,"url":"\/46.2-878\/"},{"id":86855,"section_number":"54.1-1120","catch_line":"Recovery from Fund generally","order_by":null,"url":"\/54.1-1120\/"},{"id":55353,"section_number":"54.1-2130","catch_line":"Definitions","order_by":null,"url":"\/54.1-2130\/"},{"id":75397,"section_number":"54.1-2349","catch_line":"Powers and duties of the Board","order_by":null,"url":"\/54.1-2349\/"},{"id":75527,"section_number":"54.1-2351","catch_line":"General powers and duties of Board concerning associations","order_by":null,"url":"\/54.1-2351\/"},{"id":78745,"section_number":"54.1-2352","catch_line":"Cease and desist orders","order_by":null,"url":"\/54.1-2352\/"},{"id":55980,"section_number":"54.1-2354","catch_line":"Variation by agreement","order_by":null,"url":"\/54.1-2354\/"},{"id":63899,"section_number":"55.1-1826","catch_line":"Annual budget; reserve study; reserves for capital components","order_by":null,"url":"\/55.1-1826\/"},{"id":74192,"section_number":"55.1-1833","catch_line":"Lien for assessments; foreclosure","order_by":null,"url":"\/55.1-1833\/"},{"id":85397,"section_number":"55.1-2307","catch_line":"Definitions","order_by":null,"url":"\/55.1-2307\/"},{"id":63018,"section_number":"55.1-2310","catch_line":"Resale certificate; form and contents","order_by":null,"url":"\/55.1-2310\/"},{"id":74330,"section_number":"58.1-3901","catch_line":"Apartment house, office building, shopping center, trailer camp, trailer court, self-service storage facility, marina, airport, and other owners or operators to file lists of tenants","order_by":null,"url":"\/58.1-3901\/"},{"id":59551,"section_number":"65.2-101","catch_line":"Definitions","order_by":null,"url":"\/65.2-101\/"},{"id":77455,"section_number":"8.01-463","catch_line":"Enforcement of lien when judgment does not exceed $25,000","order_by":null,"url":"\/8.01-463\/"}],"refers_to":[{"id":55467,"section_number":"54.1-2345","catch_line":"Definitions","order_by":null,"url":"\/54.1-2345\/"},{"id":80642,"section_number":"55.1-1000","catch_line":"Definitions","order_by":null,"url":"\/55.1-1000\/"},{"id":70933,"section_number":"55.1-2309","catch_line":"Resale certificate; 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As used in this chapter, unless the context requires a different meaning:\n\t\t“Association<\/span>” means the property owners’ association<\/span>.\n\t\t“Board of directors<\/span>” means the executive body of a property owners’ association<\/span> or a committee that is exercising the power of the executive body by resolution or bylaw.\n\t\t“Capital components<\/span>” means those items, whether or not a part of the common area<\/span>, for which the association<\/span> has the obligation for repair, replacement, or restoration and for which the board of directors<\/span> determines funding is necessary.\n\t\t“Common area<\/span>” means property within a development<\/span> which is owned, leased, or required by the declaration<\/span> to be maintained or operated by a property owners’ association<\/span> for the use of its members and designated as a common area<\/span> in the declaration<\/span>.\n\t\t“Common interest community<\/span>” means the same as that term is defined in \u00a7 54.1-2345<\/a>.\n\t\t“Common interest community<\/span> manager<\/span>” means the same as that term is defined in \u00a7 54.1-2345<\/a>.\n\t\t“Declarant<\/span>” means the person or entity signing the declaration<\/span> and its successors or assigns who may submit property to a declaration<\/span>.\n\t\t“Declaration<\/span>” means any instrument, however denominated, recorded among the land records of the county or city in which the development<\/span> or any part of such development<\/span> is located, that either (i) imposes on the association<\/span> maintenance or operational responsibilities for the common area<\/span> or (ii) creates the authority in the association<\/span> to impose on lots<\/span>, on the owners or occupants of such lots<\/span>, or on any other entity any mandatory payment of money in connection with the provision of maintenance or services for the benefit of some or all of the lots<\/span>, the owners or occupants of the lots<\/span>, or the common area<\/span>. “Declaration<\/span>” includes any amendment or supplement to the instruments described in this definition. “Declaration<\/span>” does not include a declaration<\/span> of a condominium, real estate cooperative, time-share project, or campground.\n\t\t“Development<\/span>” means real property located within the Commonwealth subject to a declaration<\/span> which contains both lots<\/span>, at least some of which are residential or are occupied for recreational purposes, and common areas<\/span> with respect to which any person, by virtue of ownership of a lot, is a member of an association<\/span> and is obligated to pay assessments provided for in a declaration<\/span>.\n\t\t“Electronic means<\/span>” means any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient of such communication. A meeting conducted by electronic means<\/span> includes a meeting conducted via teleconference, videoconference, Internet exchange, or other electronic methods. Any term used in this definition that is defined in \u00a7 59.1-480<\/a> of the Uniform Electronic Transactions Act shall have the meaning set forth in such section.\n\t\t“Lot” means (i) any plot or parcel of land designated for separate ownership or occupancy shown on a recorded subdivision plat for a development<\/span> or the boundaries of which are described in the declaration<\/span> or in a recorded instrument referred to or expressly contemplated by the declaration<\/span>, other than a common area<\/span>, and (ii) a unit in a condominium association<\/span> or a unit in a real estate cooperative if the condominium or cooperative is a part of a development<\/span>.\n\t\t“Lot owner<\/span>” means one or more persons who own a lot, including any purchaser of a lot at a foreclosure sale, regardless of whether the deed is recorded in the land records where the lot is located. “Lot owner<\/span>” does not include any person holding an interest in a lot solely as security for a debt.\n\t\t“Professionally managed<\/span>” means a common interest community<\/span> that has engaged (i) a common interest community<\/span> manager<\/span> to provide management services to the community or (ii) a person as an employee for compensation to provide management services to the community, other than a resident of the community who provides bookkeeping, billing, or recordkeeping services for that community.\n\t\t“Property owners’ association<\/span>” or “association<\/span>” means an incorporated or unincorporated entity upon which responsibilities are imposed and to which authority is granted in the declaration<\/span>.\n\t\t“Resale certificate<\/span>” means a certificate issued by an association<\/span> pursuant to \u00a7\u00a7 55.1-2309<\/a> and 55.1-2310<\/a>.\n\t\t“Reserve study<\/span>” means a capital budget planning tool used to determine the physical status and estimated repair or replacement cost of capital components<\/span> and an analysis of association<\/span> funding capacity to maintain, repair, and replace capital components<\/span>.\n\t\t“Settlement agent<\/span>” means the same as that term is defined in \u00a7 55.1-1000<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 55.1-1800)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Association” means the property owners’ association.\n\t\t“Board of directors” means the executive body of a property\nowners’ association or a committee that is exercising the power of the\nexecutive body by resolution or bylaw.\n\t\t“Capital components” means those items, whether or not a part of\nthe common area, for which the association has the obligation for repair,\nreplacement, or restoration and for which the board of directors determines\nfunding is necessary.\n\t\t“Common area” means property within a development which is owned,\nleased, or required by the declaration to be maintained or operated by a\nproperty owners’ association for the use of its members and designated as\na common area in the declaration.\n\t\t“Common interest community” means the same as that term is defined\nin \u00a7 54.1-2345.\n\t\t“Common interest community manager” means the same as that term is\ndefined in \u00a7 54.1-2345.\n\t\t“Declarant” means the person or entity signing the declaration and\nits successors or assigns who may submit property to a declaration.\n\t\t“Declaration” means any instrument, however denominated, recorded\namong the land records of the county or city in which the development or any\npart of such development is located, that either (i) imposes on the association\nmaintenance or operational responsibilities for the common area or (ii) creates\nthe authority in the association to impose on lots, on the owners or occupants\nof such lots, or on any other entity any mandatory payment of money in\nconnection with the provision of maintenance or services for the benefit of some\nor all of the lots, the owners or occupants of the lots, or the common area.\n“Declaration” includes any amendment or supplement to the\ninstruments described in this definition. “Declaration” does not\ninclude a declaration of a condominium, real estate cooperative, time-share\nproject, or campground.\n\t\t“Development” means real property located within the Commonwealth\nsubject to a declaration which contains both lots, at least some of which are\nresidential or are occupied for recreational purposes, and common areas with\nrespect to which any person, by virtue of ownership of a lot, is a member of an\nassociation and is obligated to pay assessments provided for in a declaration.\n\t\t“Electronic means” means any form of communication, not directly\ninvolving the physical transmission of paper, that creates a record that may be\nretained, retrieved, and reviewed by a recipient of such communication. A\nmeeting conducted by electronic means includes a meeting conducted via\nteleconference, videoconference, Internet exchange, or other electronic methods.\nAny term used in this definition that is defined in \u00a7 59.1-480 of the Uniform\nElectronic Transactions Act shall have the meaning set forth in such section.\n\t\t“Lot” means (i) any plot or parcel of land designated for separate\nownership or occupancy shown on a recorded subdivision plat for a development or\nthe boundaries of which are described in the declaration or in a recorded\ninstrument referred to or expressly contemplated by the declaration, other than\na common area, and (ii) a unit in a condominium association or a unit in a real\nestate cooperative if the condominium or cooperative is a part of a development.\n\t\t“Lot owner” means one or more persons who own a lot, including any\npurchaser of a lot at a foreclosure sale, regardless of whether the deed is\nrecorded in the land records where the lot is located. “Lot owner”\ndoes not include any person holding an interest in a lot solely as security for\na debt.\n\t\t“Professionally managed” means a common interest community that\nhas engaged (i) a common interest community manager to provide management\nservices to the community or (ii) a person as an employee for compensation to\nprovide management services to the community, other than a resident of the\ncommunity who provides bookkeeping, billing, or recordkeeping services for that\ncommunity.\n\t\t“Property owners’ association” or “association”\nmeans an incorporated or unincorporated entity upon which responsibilities are\nimposed and to which authority is granted in the declaration.\n\t\t“Resale certificate” means a certificate issued by an association\npursuant to \u00a7\u00a7 55.1-2309 and 55.1-2310.\n\t\t“Reserve study” means a capital budget planning tool used to\ndetermine the physical status and estimated repair or replacement cost of\ncapital components and an analysis of association funding capacity to maintain,\nrepair, and replace capital components.\n\t\t“Settlement agent” means the same as that term is defined in \u00a7\n55.1-1000.\n\nHISTORY: 1989, c. 679, \u00a7 55-509; 1991, c. 667; 1996, c. 618; 1998, c. 623;\n2001, c. 715; 2002, c. 459; 2003, c. 422; 2008, cc. 851, 871; 2011, c. 334;\n2015, cc. 93, 410; 2019, c. 712; 2021, Sp. Sess. I, cc. 9, 494; 2023, cc. 387,\n388; 2024, c. 324.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}