{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2013.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2013.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2013.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2013.html"}],"law_id":68334,"edition_id":1,"section_id":68334,"structure_id":12916,"section_number":"55.1-2013","catch_line":"Books and records; inspection; audit","history":"1962, c. 627, \u00a7 12, \u00a7 55-79.12; 2019, c. 712.","full_text":"The administrator, board of administration, or person appointed by the bylaws of the regime shall keep a book with a detailed account of the receipts and expenditures affecting the building and its administration and specifying the maintenance and repair expenses of the common elements and any other expenses incurred by or on behalf of the regime. Both the book and vouchers accrediting the entries made in the book shall be available for examination by all the co-owners during business hours that shall be set and announced for general knowledge. All books and records shall be kept in accordance with good accounting procedures and be audited at least once a year by an auditor outside of the organization.","order_by":null,"text":{"0":{"id":247266,"text":"The administrator, board of administration, or person appointed by the bylaws of the regime shall keep a book with a detailed account of the receipts and expenditures affecting the building and its administration and specifying the maintenance and repair expenses of the common elements and any other expenses incurred by or on behalf of the regime. Both the book and vouchers accrediting the entries made in the book shall be available for examination by all the co-owners during business hours that shall be set and announced for general knowledge. All books and records shall be kept in accordance with good accounting procedures and be audited at least once a year by an auditor outside of the organization.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":12916,"edition_id":1,"name":"Management of Horizontal Property Regimes","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":12915,"metadata":{},"date_created":"2026-06-26 03:44:01","date_modified":"2026-06-26 03:44:01","permalink":{"id":247041,"object_type":"structure","relational_id":12916,"identifier":"3","token":"55.1\/IV\/20\/3","url":"\/55.1\/IV\/20\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12915,"edition_id":1,"name":"Horizontal Property Act","identifier":"20","label":"chapter","depth":3,"order_by":1,"parent_id":12914,"metadata":{},"date_created":"2026-06-26 03:44:01","date_modified":"2026-06-26 03:44:01","permalink":{"id":247015,"object_type":"structure","relational_id":12915,"identifier":"20","token":"55.1\/IV\/20","url":"\/55.1\/IV\/20\/","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":54026,"structure_id":12916,"section_number":"55.1-2005","catch_line":"Apartments subject to individual titles and interests; recording; transfer of garage unit","url":"\/55.1-2005\/","token":"55.1\/IV\/20\/3\/55.1-2005","metadata":false},{"id":70005,"structure_id":12916,"section_number":"55.1-2006","catch_line":"Joint or common ownership","url":"\/55.1-2006\/","token":"55.1\/IV\/20\/3\/55.1-2006","metadata":false},{"id":85991,"structure_id":12916,"section_number":"55.1-2007","catch_line":"Exclusive and common rights of owners","url":"\/55.1-2007\/","token":"55.1\/IV\/20\/3\/55.1-2007","metadata":false},{"id":74064,"structure_id":12916,"section_number":"55.1-2008","catch_line":"Master deed or lease; recordation; particulars","url":"\/55.1-2008\/","token":"55.1\/IV\/20\/3\/55.1-2008","metadata":false},{"id":71979,"structure_id":12916,"section_number":"55.1-2009","catch_line":"Deeds of individual apartments","url":"\/55.1-2009\/","token":"55.1\/IV\/20\/3\/55.1-2009","metadata":false},{"id":74272,"structure_id":12916,"section_number":"55.1-2010","catch_line":"Regrouping or merger of estates with principal property","url":"\/55.1-2010\/","token":"55.1\/IV\/20\/3\/55.1-2010","metadata":false},{"id":67688,"structure_id":12916,"section_number":"55.1-2011","catch_line":"Merger not to bar subsequent condominium","url":"\/55.1-2011\/","token":"55.1\/IV\/20\/3\/55.1-2011","metadata":false},{"id":55253,"structure_id":12916,"section_number":"55.1-2012","catch_line":"Bylaws governing administration of buildings","url":"\/55.1-2012\/","token":"55.1\/IV\/20\/3\/55.1-2012","metadata":false},{"id":68334,"structure_id":12916,"section_number":"55.1-2013","catch_line":"Books and records; inspection; audit","url":"\/55.1-2013\/","token":"55.1\/IV\/20\/3\/55.1-2013","metadata":false},{"id":68924,"structure_id":12916,"section_number":"55.1-2014","catch_line":"Contributions by co-owners","url":"\/55.1-2014\/","token":"55.1\/IV\/20\/3\/55.1-2014","metadata":false},{"id":69261,"structure_id":12916,"section_number":"55.1-2015","catch_line":"Payment of assessments upon conveyance of apartment; priority","url":"\/55.1-2015\/","token":"55.1\/IV\/20\/3\/55.1-2015","metadata":false},{"id":84386,"structure_id":12916,"section_number":"55.1-2016","catch_line":"Liens or encumbrances","url":"\/55.1-2016\/","token":"55.1\/IV\/20\/3\/55.1-2016","metadata":false},{"id":87069,"structure_id":12916,"section_number":"55.1-2017","catch_line":"Rule against perpetuities; rule restricting unreasonable restraints on alienation","url":"\/55.1-2017\/","token":"55.1\/IV\/20\/3\/55.1-2017","metadata":false},{"id":61971,"structure_id":12916,"section_number":"55.1-2018","catch_line":"Liability of owner","url":"\/55.1-2018\/","token":"55.1\/IV\/20\/3\/55.1-2018","metadata":false},{"id":83493,"structure_id":12916,"section_number":"55.1-2019","catch_line":"Compliance by co-owner with bylaws and administrative rules and regulations","url":"\/55.1-2019\/","token":"55.1\/IV\/20\/3\/55.1-2019","metadata":false}],"previous_section":{"id":55253,"structure_id":12916,"section_number":"55.1-2012","catch_line":"Bylaws governing administration of buildings","url":"\/55.1-2012\/","token":"55.1\/IV\/20\/3\/55.1-2012","metadata":false},"next_section":{"id":68924,"structure_id":12916,"section_number":"55.1-2014","catch_line":"Contributions by co-owners","url":"\/55.1-2014\/","token":"55.1\/IV\/20\/3\/55.1-2014","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2013\/","history_text":"

This law was first created in 1962. The record of its establishment is cataloged in chapter 627 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 1962 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 2019, chapter 712<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":247075,"object_type":"law","relational_id":68334,"identifier":"55.1-2013","token":"55.1\/IV\/20\/3\/55.1-2013","url":"\/55.1-2013\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2013\/","token":"55.1\/IV\/20\/3\/55.1-2013","dublin_core":{"Title":"Books and records; inspection; audit","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2013","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The administrator, board of administration, or person<\/span> appointed by the bylaws of the regime shall keep a book with a detailed account of the receipts and expenditures affecting the building and its administration and specifying the maintenance and repair expenses of the common elements and any other expenses incurred by or on behalf of the regime. Both the book and vouchers accrediting the entries made in the book shall be available for examination by all the co-owners<\/span> during business hours that shall be set and announced for general knowledge. All books and records shall be kept in accordance with good accounting procedures and be audited at least once a year by an auditor outside of the organization.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBOOKS AND RECORDS; INSPECTION; AUDIT (\u00a7 55.1-2013)\n\nThe administrator, board of administration, or person appointed by the bylaws of\nthe regime shall keep a book with a detailed account of the receipts and\nexpenditures affecting the building and its administration and specifying the\nmaintenance and repair expenses of the common elements and any other expenses\nincurred by or on behalf of the regime. Both the book and vouchers accrediting\nthe entries made in the book shall be available for examination by all the\nco-owners during business hours that shall be set and announced for general\nknowledge. All books and records shall be kept in accordance with good\naccounting procedures and be audited at least once a year by an auditor outside\nof the organization.\n\nHISTORY: 1962, c. 627, \u00a7 12, \u00a7 55-79.12; 2019, c. 712.","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}}