{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2164.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2164.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2164.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2164.html"}],"law_id":71295,"edition_id":1,"section_id":71295,"structure_id":14195,"section_number":"55.1-2164","catch_line":"Conversion buildings","history":"1982, c. 277, \u00a7 55-487; 1983, c. 310; 1984, c. 321; 1985, c. 69; 1993, c. 634; 2008, cc. 851, 871; 2019, c. 712.","full_text":"A\n\nFor the purposes of this section:\n\t\t\t“Disabled” means suffering from a severe, chronic physical or mental impairment that results in substantial functional limitations.\n\t\t\t“Elderly” means not less than 62 years of age.B\n\nA declarant of a cooperative containing conversion buildings shall give each of the tenants of a conversion building formal notice of the conversion at the time the cooperative is registered by the Common Interest Community Board. This notice shall advise each tenant of (i) the offering price of the cooperative interests for the unit he occupies; (ii) the projected common expense assessments against that cooperative interest for at least the first year of the cooperative’s operation; (iii) any relocation services, public or private, of which the declarant is aware; (iv) any measure taken or to be taken by the declarant to reduce the incidence of tenant dislocation; and (v) the details of the relocation plan, if any is provided by the declarant, to assist tenants in relocating. No tenant or subtenant may be required to vacate upon less than 120 days’ notice, except by reason of nonpayment of rent, waste, or conduct that disturbs other tenants’ peaceful enjoyment of the premises, and the terms of the tenancy may not be altered during that period. Until the expiration of the 120-day period, the declarant shall have no right of access to the unit except as provided in this section and in subsection A of § 55.1-1229 except that, upon 45 days’ written notice to the tenant, the declarant may enter the unit in order to make additional repairs, decorations, alterations, or improvements, provided that (a) the making of the same does not constitute an actual or constructive eviction of the tenant and (b) such entry is made either with the consent of the tenant or only at times when the tenant is absent from the unit. Failure to give notice as required by this section is a defense to an action for possession. The declarant shall also provide general notice to the tenants of the cooperative or proposed cooperative at the time of application to the Common Interest Community Board, in addition to the formal notice required by this subsection.C\n\nFor 60 days after delivery or mailing of the formal notice described in subsection B, the person required to give the notice shall offer to convey the cooperative interest for each unit or proposed unit occupied for residential use to the tenant who leases the unit associated with that cooperative interest. A specific statement of the purchase price and the amount of any initial or special cooperative fee due from the purchaser on or before settlement of the purchase contract and the basis of such fee shall be given to the tenant. If a tenant fails to purchase the cooperative interest during that 60-day period, the offeror shall not offer to dispose of an interest in that cooperative interest during the following 180 days at a price or on terms more favorable to the offeree than the price or terms offered to the tenant. This subsection does not apply to any cooperative interest in a conversion building if the unit that is part of that cooperative interest will be restricted exclusively to nonresidential use or the boundaries of the converted unit do not substantially conform to the dimensions of the residential unit before conversion.D\n\nIf a seller, in violation of subsection C, conveys a cooperative interest to a purchaser for value who has no knowledge of the violation, that conveyance extinguishes any right a tenant may have under subsection C to purchase that cooperative interest if the deed states that the seller has complied with subsection C but does not affect the right of a tenant to recover damages from the seller for a violation of subsection C.E\n\nIf a notice of conversion specifies a date by which a unit or proposed unit must be vacated, and otherwise complies with the provisions of §§ 55.1-1202 and 55.1-1225, the notice also constitutes a notice to vacate as specified by §§ 55.1-1410, 55.1-1202, and 55.1-1225. The details of the relocation plan, if any is provided by the declarant for assisting tenants in relocating, shall also be provided to the tenant.F\n\nAny locality may require by ordinance that the declarant of a conversion cooperative file with that governing body all information required by the Common Interest Community Board pursuant to § 55.1-2176 and a copy of the formal notice required by subsection B. Such information shall be filed with that governing body when the application for registration is filed with the Common Interest Community Board, and such copy of the formal notice shall be filed with that governing body whenever it is sent to tenants. No fee shall be imposed for such filings with a governing body.G\n\nThe governing body of any county utilizing the urban county executive form of optional government (§§ 15.2-800 through 15.2-858) or the county manager plan of optional government (§§ 15.2-702 through 15.2-749), or of any city or town adjoining any such county, may require by ordinance that the declarant of any residential cooperative containing conversion buildings converted from multi-family rental use shall reimburse any tenant displaced by the conversion for amounts actually expended to relocate as a result of such dislocation. The reimbursement shall not be required to exceed the amount that the tenant would have been entitled to receive under §§ 25.1-407 and 25.1-415 if the real estate comprising the condominium had been condemned by the Department of Highways and Transportation.H\n\nAny locality may require by ordinance that elderly or disabled tenants, occupying as their residence up to 20 percent of the apartments or units in a cooperative containing conversion buildings at the time of issuance of the general notice required by subsection B, be offered leases or extensions of leases on the apartments or units they occupy or on other apartments or units of at least equal size and overall quality for up to three years beyond the date of such notice.\n\t\t\tThe terms and conditions of such leases or extensions of leases shall be as agreed upon by the lessor and the lessee, provided that the rent for such apartment or unit shall not be in excess of reasonable rent for comparable apartments or units in the same market area as such conversion building.\n\t\t\tSuch leases or extensions shall not be required, however, in the case of any apartments or units that will, in the course of the conversion, be substantially altered in physical layout, restricted exclusively to nonresidential use, or be converted in such a manner as to require relocation of the tenant in premises outside of the project being converted.I\n\nNothing in this section permits termination of a lease by a declarant in violation of its terms.","order_by":null,"text":{"0":{"id":256962,"text":"For the purposes of this section:\n\t\t\t“Disabled” means suffering from a severe, chronic physical or mental impairment that results in substantial functional limitations.\n\t\t\t“Elderly” means not less than 62 years of age.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":256963,"text":"A declarant of a cooperative containing conversion buildings shall give each of the tenants of a conversion building formal notice of the conversion at the time the cooperative is registered by the Common Interest Community Board. This notice shall advise each tenant of (i) the offering price of the cooperative interests for the unit he occupies; (ii) the projected common expense assessments against that cooperative interest for at least the first year of the cooperative’s operation; (iii) any relocation services, public or private, of which the declarant is aware; (iv) any measure taken or to be taken by the declarant to reduce the incidence of tenant dislocation; and (v) the details of the relocation plan, if any is provided by the declarant, to assist tenants in relocating. No tenant or subtenant may be required to vacate upon less than 120 days’ notice, except by reason of nonpayment of rent, waste, or conduct that disturbs other tenants’ peaceful enjoyment of the premises, and the terms of the tenancy may not be altered during that period. Until the expiration of the 120-day period, the declarant shall have no right of access to the unit except as provided in this section and in subsection A of § 55.1-1229 except that, upon 45 days’ written notice to the tenant, the declarant may enter the unit in order to make additional repairs, decorations, alterations, or improvements, provided that (a) the making of the same does not constitute an actual or constructive eviction of the tenant and (b) such entry is made either with the consent of the tenant or only at times when the tenant is absent from the unit. Failure to give notice as required by this section is a defense to an action for possession. The declarant shall also provide general notice to the tenants of the cooperative or proposed cooperative at the time of application to the Common Interest Community Board, in addition to the formal notice required by this subsection.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":256964,"text":"For 60 days after delivery or mailing of the formal notice described in subsection B, the person required to give the notice shall offer to convey the cooperative interest for each unit or proposed unit occupied for residential use to the tenant who leases the unit associated with that cooperative interest. A specific statement of the purchase price and the amount of any initial or special cooperative fee due from the purchaser on or before settlement of the purchase contract and the basis of such fee shall be given to the tenant. If a tenant fails to purchase the cooperative interest during that 60-day period, the offeror shall not offer to dispose of an interest in that cooperative interest during the following 180 days at a price or on terms more favorable to the offeree than the price or terms offered to the tenant. This subsection does not apply to any cooperative interest in a conversion building if the unit that is part of that cooperative interest will be restricted exclusively to nonresidential use or the boundaries of the converted unit do not substantially conform to the dimensions of the residential unit before conversion.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":256965,"text":"If a seller, in violation of subsection C, conveys a cooperative interest to a purchaser for value who has no knowledge of the violation, that conveyance extinguishes any right a tenant may have under subsection C to purchase that cooperative interest if the deed states that the seller has complied with subsection C but does not affect the right of a tenant to recover damages from the seller for a violation of subsection C.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":256966,"text":"If a notice of conversion specifies a date by which a unit or proposed unit must be vacated, and otherwise complies with the provisions of §§ 55.1-1202 and 55.1-1225, the notice also constitutes a notice to vacate as specified by §§ 55.1-1410, 55.1-1202, and 55.1-1225. The details of the relocation plan, if any is provided by the declarant for assisting tenants in relocating, shall also be provided to the tenant.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D","next_prefix":"F"},"5":{"id":256967,"text":"Any locality may require by ordinance that the declarant of a conversion cooperative file with that governing body all information required by the Common Interest Community Board pursuant to § 55.1-2176 and a copy of the formal notice required by subsection B. Such information shall be filed with that governing body when the application for registration is filed with the Common Interest Community Board, and such copy of the formal notice shall be filed with that governing body whenever it is sent to tenants. No fee shall be imposed for such filings with a governing body.","type":"section","prefixes":["F"],"prefix":"F","entire_prefix":"F","prefix_anchor":"F","level":1,"prior_prefix":"E","next_prefix":"G"},"6":{"id":256968,"text":"The governing body of any county utilizing the urban county executive form of optional government (§§ 15.2-800 through 15.2-858) or the county manager plan of optional government (§§ 15.2-702 through 15.2-749), or of any city or town adjoining any such county, may require by ordinance that the declarant of any residential cooperative containing conversion buildings converted from multi-family rental use shall reimburse any tenant displaced by the conversion for amounts actually expended to relocate as a result of such dislocation. The reimbursement shall not be required to exceed the amount that the tenant would have been entitled to receive under §§ 25.1-407 and 25.1-415 if the real estate comprising the condominium had been condemned by the Department of Highways and Transportation.","type":"section","prefixes":["G"],"prefix":"G","entire_prefix":"G","prefix_anchor":"G","level":1,"prior_prefix":"F","next_prefix":"H"},"7":{"id":256969,"text":"Any locality may require by ordinance that elderly or disabled tenants, occupying as their residence up to 20 percent of the apartments or units in a cooperative containing conversion buildings at the time of issuance of the general notice required by subsection B, be offered leases or extensions of leases on the apartments or units they occupy or on other apartments or units of at least equal size and overall quality for up to three years beyond the date of such notice.\n\t\t\tThe terms and conditions of such leases or extensions of leases shall be as agreed upon by the lessor and the lessee, provided that the rent for such apartment or unit shall not be in excess of reasonable rent for comparable apartments or units in the same market area as such conversion building.\n\t\t\tSuch leases or extensions shall not be required, however, in the case of any apartments or units that will, in the course of the conversion, be substantially altered in physical layout, restricted exclusively to nonresidential use, or be converted in such a manner as to require relocation of the tenant in premises outside of the project being converted.","type":"section","prefixes":["H"],"prefix":"H","entire_prefix":"H","prefix_anchor":"H","level":1,"prior_prefix":"G","next_prefix":"I"},"8":{"id":256970,"text":"Nothing in this section permits termination of a lease by a declarant in violation of its terms.","type":"section","prefixes":["I"],"prefix":"I","entire_prefix":"I","prefix_anchor":"I","level":1,"prior_prefix":"H"}},"ancestry":[{"id":14195,"edition_id":1,"name":"Protection of Cooperative Purchasers","identifier":"4","label":"article","depth":4,"order_by":1,"parent_id":13509,"metadata":{},"date_created":"2026-06-26 03:47:14","date_modified":"2026-06-26 03:47:14","permalink":{"id":247337,"object_type":"structure","relational_id":14195,"identifier":"4","token":"55.1\/IV\/21\/4","url":"\/55.1\/IV\/21\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13509,"edition_id":1,"name":"Virginia Real Estate Cooperative Act","identifier":"21","label":"chapter","depth":3,"order_by":1,"parent_id":12914,"metadata":{},"date_created":"2026-06-26 03:45:06","date_modified":"2026-06-26 03:45:06","permalink":{"id":247109,"object_type":"structure","relational_id":13509,"identifier":"21","token":"55.1\/IV\/21","url":"\/55.1\/IV\/21\/","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":69207,"structure_id":14195,"section_number":"55.1-2153","catch_line":"Applicability; waiver","url":"\/55.1-2153\/","token":"55.1\/IV\/21\/4\/55.1-2153","metadata":false},{"id":80903,"structure_id":14195,"section_number":"55.1-2154","catch_line":"Liability for public offering statement; requirements","url":"\/55.1-2154\/","token":"55.1\/IV\/21\/4\/55.1-2154","metadata":false},{"id":57013,"structure_id":14195,"section_number":"55.1-2155","catch_line":"Public offering statement; general provisions","url":"\/55.1-2155\/","token":"55.1\/IV\/21\/4\/55.1-2155","metadata":false},{"id":68806,"structure_id":14195,"section_number":"55.1-2156","catch_line":"Public offering statement; cooperatives subject to development rights","url":"\/55.1-2156\/","token":"55.1\/IV\/21\/4\/55.1-2156","metadata":false},{"id":71522,"structure_id":14195,"section_number":"55.1-2157","catch_line":"Public offering statement; time-shares","url":"\/55.1-2157\/","token":"55.1\/IV\/21\/4\/55.1-2157","metadata":false},{"id":74617,"structure_id":14195,"section_number":"55.1-2158","catch_line":"Public offering statement; cooperatives containing conversion building","url":"\/55.1-2158\/","token":"55.1\/IV\/21\/4\/55.1-2158","metadata":false},{"id":84882,"structure_id":14195,"section_number":"55.1-2159","catch_line":"Public offering statement; cooperative securities","url":"\/55.1-2159\/","token":"55.1\/IV\/21\/4\/55.1-2159","metadata":false},{"id":66392,"structure_id":14195,"section_number":"55.1-2160","catch_line":"Purchaser's right to cancel","url":"\/55.1-2160\/","token":"55.1\/IV\/21\/4\/55.1-2160","metadata":false},{"id":56734,"structure_id":14195,"section_number":"55.1-2161","catch_line":"Repealed","url":"\/55.1-2161\/","token":"55.1\/IV\/21\/4\/55.1-2161","metadata":false},{"id":66987,"structure_id":14195,"section_number":"55.1-2162","catch_line":"Escrow of deposits","url":"\/55.1-2162\/","token":"55.1\/IV\/21\/4\/55.1-2162","metadata":false},{"id":69847,"structure_id":14195,"section_number":"55.1-2163","catch_line":"Release of liens","url":"\/55.1-2163\/","token":"55.1\/IV\/21\/4\/55.1-2163","metadata":false},{"id":71295,"structure_id":14195,"section_number":"55.1-2164","catch_line":"Conversion buildings","url":"\/55.1-2164\/","token":"55.1\/IV\/21\/4\/55.1-2164","metadata":false},{"id":84401,"structure_id":14195,"section_number":"55.1-2165","catch_line":"Express warranties of quality","url":"\/55.1-2165\/","token":"55.1\/IV\/21\/4\/55.1-2165","metadata":false},{"id":85949,"structure_id":14195,"section_number":"55.1-2166","catch_line":"Implied warranties of quality","url":"\/55.1-2166\/","token":"55.1\/IV\/21\/4\/55.1-2166","metadata":false},{"id":68678,"structure_id":14195,"section_number":"55.1-2167","catch_line":"Exclusion or modification of implied warranties of quality","url":"\/55.1-2167\/","token":"55.1\/IV\/21\/4\/55.1-2167","metadata":false},{"id":62130,"structure_id":14195,"section_number":"55.1-2168","catch_line":"Statute of limitations for warranties","url":"\/55.1-2168\/","token":"55.1\/IV\/21\/4\/55.1-2168","metadata":false},{"id":82381,"structure_id":14195,"section_number":"55.1-2169","catch_line":"Effect of violation on rights of action; attorney fees; arbitration of disputes","url":"\/55.1-2169\/","token":"55.1\/IV\/21\/4\/55.1-2169","metadata":false},{"id":81822,"structure_id":14195,"section_number":"55.1-2170","catch_line":"Labeling of promotional material","url":"\/55.1-2170\/","token":"55.1\/IV\/21\/4\/55.1-2170","metadata":false},{"id":55380,"structure_id":14195,"section_number":"55.1-2171","catch_line":"Declarant's obligation to complete and restore","url":"\/55.1-2171\/","token":"55.1\/IV\/21\/4\/55.1-2171","metadata":false},{"id":64364,"structure_id":14195,"section_number":"55.1-2172","catch_line":"Substantial completion of units","url":"\/55.1-2172\/","token":"55.1\/IV\/21\/4\/55.1-2172","metadata":false}],"previous_section":{"id":69847,"structure_id":14195,"section_number":"55.1-2163","catch_line":"Release of liens","url":"\/55.1-2163\/","token":"55.1\/IV\/21\/4\/55.1-2163","metadata":false},"next_section":{"id":84401,"structure_id":14195,"section_number":"55.1-2165","catch_line":"Express warranties of quality","url":"\/55.1-2165\/","token":"55.1\/IV\/21\/4\/55.1-2165","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2164\/","history_text":"

This law was first created in 1982. The record of its establishment is cataloged in chapter 277 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 1982 \u201cActs\u201d aren\u2019t available online. It has been modified 6 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 1983, chapter 310; in 1984, chapter 321; in 1985, chapter 69; in 1993, chapter 634; in 2008, chapters 851<\/a> and 871<\/a>; in 2019, chapter 712<\/a>.<\/p>","references":[{"id":70660,"section_number":"55.1-2184","catch_line":"Penalties","order_by":null,"url":"\/55.1-2184\/"}],"refers_to":[{"id":81778,"section_number":"15.2-702","catch_line":"County board; membership, terms, chairman, etc","order_by":null,"url":"\/15.2-702\/"},{"id":58883,"section_number":"15.2-749","catch_line":"Certain referenda in certain counties","order_by":null,"url":"\/15.2-749\/"},{"id":58070,"section_number":"15.2-800","catch_line":"Designation of form of government; applicability of chapter","order_by":null,"url":"\/15.2-800\/"},{"id":72204,"section_number":"15.2-858","catch_line":"Creation, enlargement, contraction, etc., of sanitary districts","order_by":null,"url":"\/15.2-858\/"},{"id":57603,"section_number":"25.1-407","catch_line":"Optional moving expense allowance for persons displaced from dwelling","order_by":null,"url":"\/25.1-407\/"},{"id":84767,"section_number":"25.1-415","catch_line":"Adjustments to certain benefit limits","order_by":null,"url":"\/25.1-415\/"},{"id":69095,"section_number":"55.1-1202","catch_line":"Notice","order_by":null,"url":"\/55.1-1202\/"},{"id":56454,"section_number":"55.1-1225","catch_line":"Tenancy at will; effect of notice of change of terms or provisions of tenancy","order_by":null,"url":"\/55.1-1225\/"},{"id":64337,"section_number":"55.1-1229","catch_line":"Access; consent; correction of nonemergency conditions; relocation of tenant; security systems","order_by":null,"url":"\/55.1-1229\/"},{"id":62277,"section_number":"55.1-1410","catch_line":"Notice to terminate a tenancy in nonresidential rental property; notice of change in use of multifamily residential building","order_by":null,"url":"\/55.1-1410\/"},{"id":57993,"section_number":"55.1-2176","catch_line":"Application for registration; approval of uncompleted unit","order_by":null,"url":"\/55.1-2176\/"}],"permalink":{"id":247383,"object_type":"law","relational_id":71295,"identifier":"55.1-2164","token":"55.1\/IV\/21\/4\/55.1-2164","url":"\/55.1-2164\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2164\/","token":"55.1\/IV\/21\/4\/55.1-2164","dublin_core":{"Title":"Conversion buildings","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2164","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> For the purposes of this section:\n\t\t\t“Disabled<\/span>” means suffering from a severe, chronic physical or mental impairment that results in substantial functional limitations.\n\t\t\t“Elderly<\/span>” means not less than 62 years of age. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A declarant<\/span> of a cooperative containing conversion buildings<\/span> shall give each of the tenants of a conversion building<\/span> formal notice of the conversion at the time the cooperative is registered by the Common Interest Community Board. This notice shall advise each tenant of (i) the offering<\/span> price of the cooperative interests<\/span> for the unit<\/span> he occupies; (ii) the projected common expense assessments against that cooperative interest<\/span> for at least the first year of the cooperative’s operation; (iii) any relocation services, public or private, of which the declarant<\/span> is aware; (iv) any measure taken or to be taken by the declarant<\/span> to reduce the incidence of tenant dislocation; and (v) the details of the relocation plan, if any is provided by the declarant<\/span>, to assist tenants in relocating. No tenant or subtenant may be required to vacate upon less than 120 days’ notice, except by reason of nonpayment of rent, waste, or conduct that disturbs other tenants’ peaceful enjoyment of the premises, and the terms of the tenancy may not be altered during that period. Until the expiration of the 120-day period, the declarant<\/span> shall have no right of access to the unit<\/span> except as provided in this section and in subsection A of § 55.1-1229<\/a> except that, upon 45 days’ written notice to the tenant, the declarant<\/span> may enter the unit<\/span> in order<\/span> to make additional repairs, decorations, alterations, or improvements, provided that (a) the making of the same does not constitute an actual or constructive eviction of the tenant and (b) such entry is made either with the consent of the tenant or only at times when the tenant is absent from the unit<\/span>. Failure to give notice as required by this section is a defense to an action for possession<\/span>. The declarant<\/span> shall also provide general notice to the tenants of the cooperative or proposed cooperative at the time of application to the Common Interest Community Board, in addition to the formal notice required by this subsection. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> For 60 days after delivery or mailing of the formal notice described in subsection B, the person<\/span> required to give the notice shall offer to convey the cooperative interest<\/span> for each unit<\/span> or proposed unit<\/span> occupied for residential use to the tenant who leases the unit<\/span> associated with that cooperative interest<\/span>. A specific statement of the purchase price and the amount of any initial or special cooperative fee due from the purchaser<\/span> on or before settlement<\/span> of the purchase contract<\/span> and the basis of such fee shall be given to the tenant. If a tenant fails to purchase the cooperative interest<\/span> during that 60-day period, the offeror shall not offer to dispose<\/span> of an interest in that cooperative interest<\/span> during the following 180 days at a price or on terms more favorable to the offeree than the price or terms offered to the tenant. This subsection does not apply to any cooperative interest<\/span> in a conversion building<\/span> if the unit<\/span> that is part of that cooperative interest<\/span> will be restricted exclusively to nonresidential use or the boundaries of the converted unit<\/span> do not substantially conform to the dimensions of the residential unit<\/span> before conversion. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> If a seller, in violation of subsection C, conveys a cooperative interest<\/span> to a purchaser<\/span> for value who has no knowledge of the violation, that conveyance extinguishes any right a tenant may have under subsection C to purchase that cooperative interest<\/span> if the deed states that the seller has complied with subsection C but does not affect the right of a tenant to recover damages<\/span> from the seller for a violation of subsection C. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> If a notice of conversion specifies a date by which a unit<\/span> or proposed unit<\/span> must be vacated, and otherwise complies with the provisions of §§ 55.1-1202<\/a> and 55.1-1225<\/a>, the notice also constitutes a notice to vacate as specified by §§ 55.1-1410<\/a>, 55.1-1202<\/a>, and 55.1-1225<\/a>. The details of the relocation plan, if any is provided by the declarant<\/span> for assisting tenants in relocating, shall also be provided to the tenant. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

F.<\/span> Any locality may require by ordinance<\/span> that the declarant<\/span> of a conversion cooperative file with that governing body all information required by the Common Interest Community Board pursuant to § 55.1-2176<\/a> and a copy of the formal notice required by subsection B. Such information shall be filed with that governing body when the application for registration is filed with the Common Interest Community Board, and such copy of the formal notice shall be filed with that governing body whenever it is sent to tenants. No fee shall be imposed for such filings with a governing body. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

G.<\/span> The governing body of any county utilizing the urban county executive form of optional government (§§ 15.2-800<\/a> through 15.2-858<\/a>) or the county manager plan of optional government (§§ 15.2-702<\/a> through 15.2-749<\/a>), or of any city or town adjoining any such county, may require by ordinance<\/span> that the declarant<\/span> of any residential cooperative containing conversion buildings<\/span> converted from multi-family rental use shall reimburse any tenant displaced by the conversion for amounts actually expended to relocate as a result of such dislocation. The reimbursement shall not be required to exceed the amount that the tenant would have been entitled to receive under §§ 25.1-407<\/a> and 25.1-415<\/a> if the real estate<\/span> comprising the condominium had been condemned by the Department of Highways and Transportation. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

H.<\/span> Any locality may require by ordinance<\/span> that elderly<\/span> or disabled<\/span> tenants, occupying as their residence up to 20 percent of the apartments or units<\/span> in a cooperative containing conversion buildings<\/span> at the time of issuance of the general notice required by subsection B, be offered leases or extensions of leases on the apartments or units<\/span> they occupy or on other apartments or units<\/span> of at least equal size and overall quality for up to three years beyond the date of such notice.\n\t\t\tThe terms and conditions of such leases or extensions of leases shall be as agreed upon by the lessor and the lessee, provided that the rent for such apartment or unit<\/span> shall not be in excess of reasonable rent for comparable apartments or units<\/span> in the same market area as such conversion building<\/span>.\n\t\t\tSuch leases or extensions shall not be required, however, in the case of any apartments or units<\/span> that will, in the course of the conversion, be substantially altered in physical layout, restricted exclusively to nonresidential use, or be converted in such a manner as to require relocation of the tenant in premises outside of the project being converted. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

I.<\/span> Nothing in this section permits termination of a lease by a declarant<\/span> in violation of its terms. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONVERSION BUILDINGS (\u00a7 55.1-2164)\n\nA. For the purposes of this section:\n\t\t\t“Disabled” means suffering from a severe, chronic physical or\nmental impairment that results in substantial functional limitations.\n\t\t\t“Elderly” means not less than 62 years of age.\n\nB. A declarant of a cooperative containing conversion buildings shall give each\nof the tenants of a conversion building formal notice of the conversion at the\ntime the cooperative is registered by the Common Interest Community Board. This\nnotice shall advise each tenant of (i) the offering price of the cooperative\ninterests for the unit he occupies; (ii) the projected common expense\nassessments against that cooperative interest for at least the first year of the\ncooperative’s operation; (iii) any relocation services, public or private,\nof which the declarant is aware; (iv) any measure taken or to be taken by the\ndeclarant to reduce the incidence of tenant dislocation; and (v) the details of\nthe relocation plan, if any is provided by the declarant, to assist tenants in\nrelocating. No tenant or subtenant may be required to vacate upon less than 120\ndays’ notice, except by reason of nonpayment of rent, waste, or conduct\nthat disturbs other tenants’ peaceful enjoyment of the premises, and the\nterms of the tenancy may not be altered during that period. Until the expiration\nof the 120-day period, the declarant shall have no right of access to the unit\nexcept as provided in this section and in subsection A of § 55.1-1229\nexcept that, upon 45 days’ written notice to the tenant, the declarant may\nenter the unit in order to make additional repairs, decorations, alterations, or\nimprovements, provided that (a) the making of the same does not constitute an\nactual or constructive eviction of the tenant and (b) such entry is made either\nwith the consent of the tenant or only at times when the tenant is absent from\nthe unit. Failure to give notice as required by this section is a defense to an\naction for possession. The declarant shall also provide general notice to the\ntenants of the cooperative or proposed cooperative at the time of application to\nthe Common Interest Community Board, in addition to the formal notice required\nby this subsection.\n\nC. For 60 days after delivery or mailing of the formal notice described in\nsubsection B, the person required to give the notice shall offer to convey the\ncooperative interest for each unit or proposed unit occupied for residential use\nto the tenant who leases the unit associated with that cooperative interest. A\nspecific statement of the purchase price and the amount of any initial or\nspecial cooperative fee due from the purchaser on or before settlement of the\npurchase contract and the basis of such fee shall be given to the tenant. If a\ntenant fails to purchase the cooperative interest during that 60-day period, the\nofferor shall not offer to dispose of an interest in that cooperative interest\nduring the following 180 days at a price or on terms more favorable to the\nofferee than the price or terms offered to the tenant. This subsection does not\napply to any cooperative interest in a conversion building if the unit that is\npart of that cooperative interest will be restricted exclusively to\nnonresidential use or the boundaries of the converted unit do not substantially\nconform to the dimensions of the residential unit before conversion.\n\nD. If a seller, in violation of subsection C, conveys a cooperative interest to\na purchaser for value who has no knowledge of the violation, that conveyance\nextinguishes any right a tenant may have under subsection C to purchase that\ncooperative interest if the deed states that the seller has complied with\nsubsection C but does not affect the right of a tenant to recover damages from\nthe seller for a violation of subsection C.\n\nE. If a notice of conversion specifies a date by which a unit or proposed unit\nmust be vacated, and otherwise complies with the provisions of §§\n55.1-1202 and 55.1-1225, the notice also constitutes a notice to vacate as\nspecified by §§ 55.1-1410, 55.1-1202, and 55.1-1225. The details of\nthe relocation plan, if any is provided by the declarant for assisting tenants\nin relocating, shall also be provided to the tenant.\n\nF. Any locality may require by ordinance that the declarant of a conversion\ncooperative file with that governing body all information required by the Common\nInterest Community Board pursuant to § 55.1-2176 and a copy of the formal\nnotice required by subsection B. Such information shall be filed with that\ngoverning body when the application for registration is filed with the Common\nInterest Community Board, and such copy of the formal notice shall be filed with\nthat governing body whenever it is sent to tenants. No fee shall be imposed for\nsuch filings with a governing body.\n\nG. The governing body of any county utilizing the urban county executive form of\noptional government (§§ 15.2-800 through 15.2-858) or the county\nmanager plan of optional government (§§ 15.2-702 through 15.2-749), or\nof any city or town adjoining any such county, may require by ordinance that the\ndeclarant of any residential cooperative containing conversion buildings\nconverted from multi-family rental use shall reimburse any tenant displaced by\nthe conversion for amounts actually expended to relocate as a result of such\ndislocation. The reimbursement shall not be required to exceed the amount that\nthe tenant would have been entitled to receive under §§ 25.1-407 and\n25.1-415 if the real estate comprising the condominium had been condemned by the\nDepartment of Highways and Transportation.\n\nH. Any locality may require by ordinance that elderly or disabled tenants,\noccupying as their residence up to 20 percent of the apartments or units in a\ncooperative containing conversion buildings at the time of issuance of the\ngeneral notice required by subsection B, be offered leases or extensions of\nleases on the apartments or units they occupy or on other apartments or units of\nat least equal size and overall quality for up to three years beyond the date of\nsuch notice.\n\t\t\tThe terms and conditions of such leases or extensions of leases shall be as\nagreed upon by the lessor and the lessee, provided that the rent for such\napartment or unit shall not be in excess of reasonable rent for comparable\napartments or units in the same market area as such conversion building.\n\t\t\tSuch leases or extensions shall not be required, however, in the case of any\napartments or units that will, in the course of the conversion, be substantially\naltered in physical layout, restricted exclusively to nonresidential use, or be\nconverted in such a manner as to require relocation of the tenant in premises\noutside of the project being converted.\n\nI. Nothing in this section permits termination of a lease by a declarant in\nviolation of its terms.\n\nHISTORY: 1982, c. 277, \u00a7 55-487; 1983, c. 310; 1984, c. 321; 1985, c. 69; 1993,\nc. 634; 2008, cc. 851, 871; 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}}