{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2307.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2307.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2307.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2307.html"}],"law_id":85397,"edition_id":1,"section_id":85397,"structure_id":14775,"section_number":"55.1-2307","catch_line":"Definitions","history":"2023, cc. 387, 388.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Agent” means the authorized agent designated by the purchaser or seller in a ratified real estate contract, listing agreement, or other writing designating such agent.\n\t\t“Association” means an association created pursuant to the Property Owners’ Association Act (\u00a7 55.1-1800 et seq.), the Virginia Condominium Act (\u00a7 55.1-1900 et seq.), or the Virginia Real Estate Cooperative Act (\u00a7 55.1-2100 et seq.), or a council of co-owners created pursuant to the Horizontal Property Act (\u00a7 55.1-2000 et seq.).\n\t\t“Board” means the board of directors or executive board, of an association, except that in the case of a horizontal property regime created pursuant to the Horizontal Property Act (\u00a7 55.1-2000 et seq.), “board” means the council of co-owners.\n\t\t“Common interest community” means a condominium created pursuant to the Virginia Condominium Act (\u00a7 55.1-1900 et seq.) or the Horizontal Property Act (\u00a7 55.1-2000 et seq.), a cooperative created pursuant to the Virginia Real Estate Cooperative Act (\u00a7 55.1-2100 et seq.), or a property owners’ association subject to the Property Owners’ Association Act (\u00a7 55.1-1800 et seq.).\n\t\t“Days” means calendar days.\n\t\t“Declarant” means the same as that term is defined in \u00a7\u00a7 55.1-1800 and 55.1-1900.\n\t\t“Financial update” means updated financial information for the unit, including information required by subdivisions A 4 and 5 of \u00a7 55.1-2310.\n\t\t“Governing documents” means, to the extent applicable, the declaration, bylaws, organizing articles, and any other foundational documents of the association and all amendments to such documents.\n\t\t“Limited elements” means the limited common elements appurtenant to a condominium unit or cooperative unit or the limited common area appurtenant to a lot.\n\t\t“Managing agent” means a licensee who performs management services as defined in \u00a7 54.1-2345.\n\t\t“Purchaser” means the person or entity acquiring the unit.\n\t\t“Ratified real estate contract” or “contract” means the contract to purchase the unit and any addenda to such contract.\n\t\t“Resale certificate” means the information listed in \u00a7 55.1-2310.\n\t\t“Rules and regulations” means restrictions or limitations adopted by the board or authorized committee addressing the use, operation, appearance, or design of a portion of the common interest community.\n\t\t“Seller” means the person or entity selling the unit.\n\t\t“Settlement agent” means the same as that term is defined in \u00a7 55.1-1000.\n\t\t“Unit” means a condominium unit in a condominium, a cooperative unit in a real estate cooperative, or a lot in a community governed by an association.\n\t\t“Updated resale certificate” means an update of the resale certificate referenced in \u00a7 55.1-2311.","order_by":null,"text":{"0":{"id":305940,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Agent” means the authorized agent designated by the purchaser or seller in a ratified real estate contract, listing agreement, or other writing designating such agent.\n\t\t“Association” means an association created pursuant to the Property Owners’ Association Act (\u00a7 55.1-1800 et seq.), the Virginia Condominium Act (\u00a7 55.1-1900 et seq.), or the Virginia Real Estate Cooperative Act (\u00a7 55.1-2100 et seq.), or a council of co-owners created pursuant to the Horizontal Property Act (\u00a7 55.1-2000 et seq.).\n\t\t“Board” means the board of directors or executive board, of an association, except that in the case of a horizontal property regime created pursuant to the Horizontal Property Act (\u00a7 55.1-2000 et seq.), “board” means the council of co-owners.\n\t\t“Common interest community” means a condominium created pursuant to the Virginia Condominium Act (\u00a7 55.1-1900 et seq.) or the Horizontal Property Act (\u00a7 55.1-2000 et seq.), a cooperative created pursuant to the Virginia Real Estate Cooperative Act (\u00a7 55.1-2100 et seq.), or a property owners’ association subject to the Property Owners’ Association Act (\u00a7 55.1-1800 et seq.).\n\t\t“Days” means calendar days.\n\t\t“Declarant” means the same as that term is defined in \u00a7\u00a7 55.1-1800 and 55.1-1900.\n\t\t“Financial update” means updated financial information for the unit, including information required by subdivisions A 4 and 5 of \u00a7 55.1-2310.\n\t\t“Governing documents” means, to the extent applicable, the declaration, bylaws, organizing articles, and any other foundational documents of the association and all amendments to such documents.\n\t\t“Limited elements” means the limited common elements appurtenant to a condominium unit or cooperative unit or the limited common area appurtenant to a lot.\n\t\t“Managing agent” means a licensee who performs management services as defined in \u00a7 54.1-2345.\n\t\t“Purchaser” means the person or entity acquiring the unit.\n\t\t“Ratified real estate contract” or “contract” means the contract to purchase the unit and any addenda to such contract.\n\t\t“Resale certificate” means the information listed in \u00a7 55.1-2310.\n\t\t“Rules and regulations” means restrictions or limitations adopted by the board or authorized committee addressing the use, operation, appearance, or design of a portion of the common interest community.\n\t\t“Seller” means the person or entity selling the unit.\n\t\t“Settlement agent” means the same as that term is defined in \u00a7 55.1-1000.\n\t\t“Unit” means a condominium unit in a condominium, a cooperative unit in a real estate cooperative, or a lot in a community governed by an association.\n\t\t“Updated resale certificate” means an update of the resale certificate referenced in \u00a7 55.1-2311.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14775,"edition_id":1,"name":"Resale Disclosure Act","identifier":"23.1","label":"chapter","depth":3,"order_by":1,"parent_id":12914,"metadata":{},"date_created":"2026-06-26 03:49:50","date_modified":"2026-06-26 03:49:50","permalink":{"id":247725,"object_type":"structure","relational_id":14775,"identifier":"23.1","token":"55.1\/IV\/23.1","url":"\/55.1\/IV\/23.1\/","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":85397,"structure_id":14775,"section_number":"55.1-2307","catch_line":"Definitions","url":"\/55.1-2307\/","token":"55.1\/IV\/23.1\/55.1-2307","metadata":false},{"id":73747,"structure_id":14775,"section_number":"55.1-2308","catch_line":"Contract for resale; disclosures","url":"\/55.1-2308\/","token":"55.1\/IV\/23.1\/55.1-2308","metadata":false},{"id":70933,"structure_id":14775,"section_number":"55.1-2309","catch_line":"Resale certificate; delivery","url":"\/55.1-2309\/","token":"55.1\/IV\/23.1\/55.1-2309","metadata":false},{"id":63018,"structure_id":14775,"section_number":"55.1-2310","catch_line":"Resale certificate; form and contents","url":"\/55.1-2310\/","token":"55.1\/IV\/23.1\/55.1-2310","metadata":false},{"id":80861,"structure_id":14775,"section_number":"55.1-2311","catch_line":"Updated resale certificate; financial update","url":"\/55.1-2311\/","token":"55.1\/IV\/23.1\/55.1-2311","metadata":false},{"id":77542,"structure_id":14775,"section_number":"55.1-2312","catch_line":"Cancellation of contract by purchaser","url":"\/55.1-2312\/","token":"55.1\/IV\/23.1\/55.1-2312","metadata":false},{"id":58689,"structure_id":14775,"section_number":"55.1-2313","catch_line":"Liability for resale certificate","url":"\/55.1-2313\/","token":"55.1\/IV\/23.1\/55.1-2313","metadata":false},{"id":68135,"structure_id":14775,"section_number":"55.1-2314","catch_line":"Failure to provide resale certificate; no waiver","url":"\/55.1-2314\/","token":"55.1\/IV\/23.1\/55.1-2314","metadata":false},{"id":77415,"structure_id":14775,"section_number":"55.1-2315","catch_line":"Properties subject to more than one declaration","url":"\/55.1-2315\/","token":"55.1\/IV\/23.1\/55.1-2315","metadata":false},{"id":57622,"structure_id":14775,"section_number":"55.1-2316","catch_line":"Resale certificate; fees","url":"\/55.1-2316\/","token":"55.1\/IV\/23.1\/55.1-2316","metadata":false},{"id":56550,"structure_id":14775,"section_number":"55.1-2317","catch_line":"Exemptions","url":"\/55.1-2317\/","token":"55.1\/IV\/23.1\/55.1-2317","metadata":false}],"next_section":{"id":73747,"structure_id":14775,"section_number":"55.1-2308","catch_line":"Contract for resale; disclosures","url":"\/55.1-2308\/","token":"55.1\/IV\/23.1\/55.1-2308","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2307\/","history_text":"

This law was first created in 2023. The record of its establishment is cataloged in chapters 387<\/a> and 388<\/a> 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.<\/p>","references":[{"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\/"}],"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":65321,"section_number":"55.1-1800","catch_line":"Definitions","order_by":null,"url":"\/55.1-1800\/"},{"id":55215,"section_number":"55.1-1900","catch_line":"Definitions","order_by":null,"url":"\/55.1-1900\/"},{"id":82636,"section_number":"55.1-2000","catch_line":"Definitions","order_by":null,"url":"\/55.1-2000\/"},{"id":58909,"section_number":"55.1-2100","catch_line":"Definitions","order_by":null,"url":"\/55.1-2100\/"},{"id":63018,"section_number":"55.1-2310","catch_line":"Resale certificate; form and contents","order_by":null,"url":"\/55.1-2310\/"},{"id":80861,"section_number":"55.1-2311","catch_line":"Updated resale certificate; financial update","order_by":null,"url":"\/55.1-2311\/"}],"permalink":{"id":247727,"object_type":"law","relational_id":85397,"identifier":"55.1-2307","token":"55.1\/IV\/23.1\/55.1-2307","url":"\/55.1-2307\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2307\/","token":"55.1\/IV\/23.1\/55.1-2307","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2307","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter, unless the context requires a different meaning:\n\t\t“Agent” means the authorized agent designated by the purchaser<\/span> or seller<\/span> in a ratified real estate contract<\/span>, listing agreement, or other writing designating such agent.\n\t\t“Association<\/span>” means an association<\/span> created pursuant to the Property Owners’ Association<\/span> Act (\u00a7 55.1-1800<\/a> et seq.), the Virginia Condominium Act (\u00a7 55.1-1900<\/a> et seq.), or the Virginia Real Estate Cooperative Act (\u00a7 55.1-2100<\/a> et seq.), or a council of co-owners created pursuant to the Horizontal Property Act (\u00a7 55.1-2000<\/a> et seq.).\n\t\t“Board<\/span>” means the board<\/span> of directors or executive board<\/span>, of an association<\/span>, except that in the case of a horizontal property regime created pursuant to the Horizontal Property Act (\u00a7 55.1-2000<\/a> et seq.), “board<\/span>” means the council of co-owners.\n\t\t“Common interest community<\/span>” means a condominium created pursuant to the Virginia Condominium Act (\u00a7 55.1-1900<\/a> et seq.) or the Horizontal Property Act (\u00a7 55.1-2000<\/a> et seq.), a cooperative created pursuant to the Virginia Real Estate Cooperative Act (\u00a7 55.1-2100<\/a> et seq.), or a property owners’ association<\/span> subject to the Property Owners’ Association<\/span> Act (\u00a7 55.1-1800<\/a> et seq.).\n\t\t“Days<\/span>” means calendar days<\/span>.\n\t\t“Declarant<\/span>” means the same as that term is defined in \u00a7\u00a7 55.1-1800<\/a> and 55.1-1900<\/a>.\n\t\t“Financial update<\/span>” means updated financial information for the unit<\/span>, including information required by subdivisions A 4 and 5 of \u00a7 55.1-2310<\/a>.\n\t\t“Governing documents” means, to the extent applicable, the declaration, bylaws, organizing articles, and any other foundational documents of the association<\/span> and all amendments to such documents.\n\t\t“Limited elements<\/span>” means the limited common elements appurtenant to a condominium unit<\/span> or cooperative unit<\/span> or the limited common area appurtenant to a lot.\n\t\t“Managing agent<\/span>” means a licensee who performs management services as defined in \u00a7 54.1-2345<\/a>.\n\t\t“Purchaser<\/span>” means the person or entity acquiring the unit<\/span>.\n\t\t“Ratified real estate contract<\/span>” or “contract” means the contract to purchase the unit<\/span> and any addenda to such contract.\n\t\t“Resale certificate” means the information listed in \u00a7 55.1-2310<\/a>.\n\t\t“Rules and regulations<\/span>” means restrictions or limitations adopted by the board<\/span> or authorized committee addressing the use, operation, appearance<\/span>, or design of a portion of the common interest community<\/span>.\n\t\t“Seller<\/span>” means the person or entity selling the unit<\/span>.\n\t\t“Settlement agent<\/span>” means the same as that term is defined in \u00a7 55.1-1000<\/a>.\n\t\t“Unit<\/span>” means a condominium unit<\/span> in a condominium, a cooperative unit<\/span> in a real estate cooperative, or a lot in a community governed by an association<\/span>.\n\t\t“Updated resale certificate<\/span>” means an update of the resale certificate referenced in \u00a7 55.1-2311<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 55.1-2307)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Agent” means the authorized agent designated by the purchaser or\nseller in a ratified real estate contract, listing agreement, or other writing\ndesignating such agent.\n\t\t“Association” means an association created pursuant to the\nProperty Owners’ Association Act (\u00a7 55.1-1800 et seq.), the Virginia\nCondominium Act (\u00a7 55.1-1900 et seq.), or the Virginia Real Estate Cooperative\nAct (\u00a7 55.1-2100 et seq.), or a council of co-owners created pursuant to the\nHorizontal Property Act (\u00a7 55.1-2000 et seq.).\n\t\t“Board” means the board of directors or executive board, of an\nassociation, except that in the case of a horizontal property regime created\npursuant to the Horizontal Property Act (\u00a7 55.1-2000 et seq.),\n“board” means the council of co-owners.\n\t\t“Common interest community” means a condominium created pursuant\nto the Virginia Condominium Act (\u00a7 55.1-1900 et seq.) or the Horizontal\nProperty Act (\u00a7 55.1-2000 et seq.), a cooperative created pursuant to the\nVirginia Real Estate Cooperative Act (\u00a7 55.1-2100 et seq.), or a property\nowners’ association subject to the Property Owners’ Association Act\n(\u00a7 55.1-1800 et seq.).\n\t\t“Days” means calendar days.\n\t\t“Declarant” means the same as that term is defined in \u00a7\u00a7\n55.1-1800 and 55.1-1900.\n\t\t“Financial update” means updated financial information for the\nunit, including information required by subdivisions A 4 and 5 of \u00a7 55.1-2310.\n\t\t“Governing documents” means, to the extent applicable, the\ndeclaration, bylaws, organizing articles, and any other foundational documents\nof the association and all amendments to such documents.\n\t\t“Limited elements” means the limited common elements appurtenant\nto a condominium unit or cooperative unit or the limited common area appurtenant\nto a lot.\n\t\t“Managing agent” means a licensee who performs management services\nas defined in \u00a7 54.1-2345.\n\t\t“Purchaser” means the person or entity acquiring the unit.\n\t\t“Ratified real estate contract” or “contract” means\nthe contract to purchase the unit and any addenda to such contract.\n\t\t“Resale certificate” means the information listed in \u00a7 55.1-2310.\n\t\t“Rules and regulations” means restrictions or limitations adopted\nby the board or authorized committee addressing the use, operation, appearance,\nor design of a portion of the common interest community.\n\t\t“Seller” means the person or entity selling the unit.\n\t\t“Settlement agent” means the same as that term is defined in \u00a7\n55.1-1000.\n\t\t“Unit” means a condominium unit in a condominium, a cooperative\nunit in a real estate cooperative, or a lot in a community governed by an\nassociation.\n\t\t“Updated resale certificate” means an update of the resale\ncertificate referenced in \u00a7 55.1-2311.\n\nHISTORY: 2023, cc. 387, 388.","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}}