<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>75490</law_id><section_number>55.1-1972</section_number><catch_line>Exemptions from certain provisions of article</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>55.1-1974</reference><reference>55.1-1989</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="55.1">Property and Conveyances</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Common Interest Communities</unit><unit label="chapter" level="3" order_by="1" identifier="19">Virginia Condominium Act</unit><unit label="article" level="4" order_by="1" identifier="4">Administration of Chapter; Sale, Etc., of Condominium Units</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Unless the method of <span class="dictionary">offer</span> or <span class="dictionary">disposition</span> is adopted for the purpose of evasion of this chapter, the provisions of &#xA7;&#xA7;&#xA0;<a class="law" title="Limitations on dispositions of units" href="/55.1-1974/">55.1-1974</a> through <a class="law" title="Annual report by declarant" href="/55.1-1979/">55.1-1979</a>, subsections B and D of &#xA7;&#xA0;<a class="law" title="Conversion condominiums; special provisions" href="/55.1-1982/">55.1-1982</a>, and &#xA7;&#xA7;&#xA0;<a class="law" title="Contract for resale; disclosures" href="/55.1-2308/">55.1-2308</a> and <a class="law" title="Resale certificate; delivery" href="/55.1-2309/">55.1-2309</a> do not apply to: <a id="paragraph-270940" class="section-permalink" href="https://vacode.org/55.1-1972/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> <span class="dictionary">Dispositions</span> pursuant to <span class="dictionary">court order</span>; <a id="paragraph-270941" class="section-permalink" href="https://vacode.org/55.1-1972/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> <span class="dictionary">Dispositions</span> by any government or government agency; <a id="paragraph-270942" class="section-permalink" href="https://vacode.org/55.1-1972/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> <span class="dictionary">Offers</span> by the <span class="dictionary">declarant</span> on <span class="dictionary">nonbinding reservation agreements</span>; <a id="paragraph-270943" class="section-permalink" href="https://vacode.org/55.1-1972/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> <span class="dictionary">Dispositions</span> in a residential condominium in which there are three or fewer units, so long as the condominium instruments do not reserve to the <span class="dictionary">declarant</span> the right to create additional <span class="dictionary">condominium units</span>; or <a id="paragraph-270944" class="section-permalink" href="https://vacode.org/55.1-1972/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> A <span class="dictionary">disposition</span> of a <span class="dictionary">unit</span> by a sale at an auction where a current public offering statement or resale certificate was made available as part of an auction package for prospective <span class="dictionary">purchasers</span> prior to the auction sale. <a id="paragraph-270945" class="section-permalink" href="https://vacode.org/55.1-1972/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> In cases of <span class="dictionary">dispositions</span> in a condominium where all units are restricted to nonresidential use, the provisions of &#xA7;&#xA7; <a class="law" title="Limitations on dispositions of units" href="/55.1-1974/">55.1-1974</a> through <a class="law" title="Escrow of deposits" href="/55.1-1983/">55.1-1983</a> shall not apply, unless the method of <span class="dictionary">offer</span> or <span class="dictionary">disposition</span> is adopted for the purpose of evasion of this chapter. <a id="paragraph-270946" class="section-permalink" href="https://vacode.org/55.1-1972/#B"><i class="fa fa-link"/></a></p></section></text><history>1974, c. 416, &#xA7; 55-79.87; 1975, c. 415; 1984, c. 427; 1993, c. 667; 2007, c. 266; 2012, c. 325; 2015, c. 277; 2019, c. 712; 2023, cc. 387, 388.</history><metadata></metadata></law>
