{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-2308.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-2308.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-2308.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-2308.html"}],"law_id":73747,"edition_id":1,"section_id":73747,"structure_id":14775,"section_number":"55.1-2308","catch_line":"Contract for resale; disclosures","history":"2023, cc. 387, 388; 2024, cc. 54, 511.","full_text":"Unless exempt pursuant to \u00a7 55.1-2317, any contract for the resale of a unit in a common interest community shall disclose (i) that the unit is located in a common interest community; (ii) that the seller or the seller’s agent is required to obtain from the association a resale certificate and provide it to the purchaser or the purchaser’s agent; (iii) the purchaser’s right to cancel the contract pursuant to \u00a7 55.1-2312; (iv) that the purchaser or the purchaser’s agent may request an updated resale certificate pursuant to \u00a7 55.1-2311; and (v) that the purchaser’s right to receive the resale certificate and the right to cancel the contract are waived conclusively if not exercised before settlement. If the contract does not contain the disclosures required by this section, the purchaser’s sole remedy is to cancel the contract prior to settlement.","order_by":null,"text":{"0":{"id":265206,"text":"Unless exempt pursuant to \u00a7 55.1-2317, any contract for the resale of a unit in a common interest community shall disclose (i) that the unit is located in a common interest community; (ii) that the seller or the seller’s agent is required to obtain from the association a resale certificate and provide it to the purchaser or the purchaser’s agent; (iii) the purchaser’s right to cancel the contract pursuant to \u00a7 55.1-2312; (iv) that the purchaser or the purchaser’s agent may request an updated resale certificate pursuant to \u00a7 55.1-2311; and (v) that the purchaser’s right to receive the resale certificate and the right to cancel the contract are waived conclusively if not exercised before settlement. If the contract does not contain the disclosures required by this section, the purchaser’s sole remedy is to cancel the contract prior to settlement.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-2308\/","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. 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 2024, chapters 54<\/a> and 511<\/a>.<\/p>","references":[{"id":75490,"section_number":"55.1-1972","catch_line":"Exemptions from certain provisions of article","order_by":null,"url":"\/55.1-1972\/"}],"refers_to":[{"id":80861,"section_number":"55.1-2311","catch_line":"Updated resale certificate; financial update","order_by":null,"url":"\/55.1-2311\/"},{"id":77542,"section_number":"55.1-2312","catch_line":"Cancellation of contract by purchaser","order_by":null,"url":"\/55.1-2312\/"},{"id":56550,"section_number":"55.1-2317","catch_line":"Exemptions","order_by":null,"url":"\/55.1-2317\/"}],"permalink":{"id":247731,"object_type":"law","relational_id":73747,"identifier":"55.1-2308","token":"55.1\/IV\/23.1\/55.1-2308","url":"\/55.1-2308\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-2308\/","token":"55.1\/IV\/23.1\/55.1-2308","dublin_core":{"Title":"Contract for resale; disclosures","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-2308","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Unless exempt pursuant to \u00a7 55.1-2317<\/a>, any contract<\/span> for the resale of a unit<\/span> in a common interest community<\/span> shall disclose (i) that the unit<\/span> is located in a common interest community<\/span>; (ii) that the seller<\/span> or the seller<\/span>’s agent<\/span> is required to obtain from the association<\/span> a resale certificate and provide it to the purchaser<\/span> or the purchaser<\/span>’s agent<\/span>; (iii) the purchaser<\/span>’s right to cancel the contract<\/span> pursuant to \u00a7 55.1-2312<\/a>; (iv) that the purchaser<\/span> or the purchaser<\/span>’s agent<\/span> may request an updated resale certificate<\/span> pursuant to \u00a7 55.1-2311<\/a>; and (v) that the purchaser<\/span>’s right to receive the resale certificate and the right to cancel the contract<\/span> are waived conclusively if not exercised before settlement<\/span>. If the contract<\/span> does not contain the disclosures required by this section, the purchaser<\/span>’s sole remedy is to cancel the contract<\/span> prior to settlement<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONTRACT FOR RESALE; DISCLOSURES (\u00a7 55.1-2308)\n\nUnless exempt pursuant to \u00a7 55.1-2317, any contract for the resale of a unit in\na common interest community shall disclose (i) that the unit is located in a\ncommon interest community; (ii) that the seller or the seller’s agent is\nrequired to obtain from the association a resale certificate and provide it to\nthe purchaser or the purchaser’s agent; (iii) the purchaser’s right\nto cancel the contract pursuant to \u00a7 55.1-2312; (iv) that the purchaser or the\npurchaser’s agent may request an updated resale certificate pursuant to \u00a7\n55.1-2311; and (v) that the purchaser’s right to receive the resale\ncertificate and the right to cancel the contract are waived conclusively if not\nexercised before settlement. If the contract does not contain the disclosures\nrequired by this section, the purchaser’s sole remedy is to cancel the\ncontract prior to settlement.\n\nHISTORY: 2023, cc. 387, 388; 2024, cc. 54, 511.","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}}