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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>60682</law_id><section_number>55.1-2116</section_number><catch_line>Contents of declaration</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>55.1-2119</reference><reference>55.1-2120</reference><reference>55.1-2127</reference><reference>55.1-2128</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="21">Virginia Real Estate Cooperative Act</unit><unit label="article" level="4" order_by="1" identifier="2">Creation, Alteration, and Termination of Cooperatives</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The <span class="dictionary">declaration</span> shall contain: <a id="paragraph-221834" class="section-permalink" href="https://vacode.org/55.1-2116/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> The name of the <span class="dictionary">cooperative</span>, which shall include the word &#x201C;<span class="dictionary">cooperative</span>&#x201D; or be followed by the words &#x201C;a <span class="dictionary">cooperative</span>,&#x201D; and the <span class="dictionary">association</span>; <a id="paragraph-221835" class="section-permalink" href="https://vacode.org/55.1-2116/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> The name of every county or city in which any part of the <span class="dictionary">cooperative</span> is situated; <a id="paragraph-221836" class="section-permalink" href="https://vacode.org/55.1-2116/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> A legally sufficient description of the <span class="dictionary">real estate</span> included in the <span class="dictionary">cooperative</span>; <a id="paragraph-221837" class="section-permalink" href="https://vacode.org/55.1-2116/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> A statement of the maximum number of <span class="dictionary">units</span> that the <span class="dictionary">declarant</span> reserves the right to create; <a id="paragraph-221838" class="section-permalink" href="https://vacode.org/55.1-2116/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> A description, which may be by plats or plans, of each <span class="dictionary">unit</span> created by the <span class="dictionary">declaration</span>, including the <span class="dictionary">unit</span>&#x2019;s <span class="dictionary">identifying number</span>, its size or number of rooms, and its location within a building if it is within a building containing more than one <span class="dictionary">unit</span>; <a id="paragraph-221839" class="section-permalink" href="https://vacode.org/55.1-2116/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A6" class="indent-1"><p><span class="prefix-number">6.</span> A description of any <span class="dictionary">limited common elements</span>, other than those specified in subdivisions 2 and 4 of &#xA7; <a class="law" title="Unit boundaries" href="/55.1-2113/">55.1-2113</a>; <a id="paragraph-221840" class="section-permalink" href="https://vacode.org/55.1-2116/#A6"><i class="fa fa-link"/></a></p></section>
						<section id="A7" class="indent-1"><p><span class="prefix-number">7.</span> A description of any <span class="dictionary">real estate</span>, except <span class="dictionary">real estate</span> subject to <span class="dictionary">development rights</span>, that may be allocated subsequently as <span class="dictionary">limited common elements</span>, other than <span class="dictionary">limited common elements</span> specified in subdivisions 2 and 4 of &#xA7; <a class="law" title="Unit boundaries" href="/55.1-2113/">55.1-2113</a>, together with a statement that they may be so allocated; <a id="paragraph-221841" class="section-permalink" href="https://vacode.org/55.1-2116/#A7"><i class="fa fa-link"/></a></p></section>
						<section id="A8" class="indent-1"><p><span class="prefix-number">8.</span> A description of any <span class="dictionary">development rights</span> and other <span class="dictionary">special declarant rights</span> reserved by the declarant, together with a legally sufficient description of the <span class="dictionary">real estate</span> to which each of those rights applies, and a time limit within which each of those rights are required to be exercised; <a id="paragraph-221842" class="section-permalink" href="https://vacode.org/55.1-2116/#A8"><i class="fa fa-link"/></a></p></section>
						<section id="A9" class="indent-1"><p><span class="prefix-number">9.</span> If any development right may be exercised with respect to different parcels of <span class="dictionary">real estate</span> at different times, a statement to that effect together with (i) either a statement fixing the boundaries of those portions and regulating the <span class="dictionary">order</span> in which those portions may be subjected to the exercise of each development right or a statement that no assurances are made in those regards and (ii) a statement as to whether, if any development right is exercised in any portion of the <span class="dictionary">real estate</span> subject to that development right, that development right is required to be exercised in all or in any other portion of the remainder of that <span class="dictionary">real estate</span>; <a id="paragraph-221843" class="section-permalink" href="https://vacode.org/55.1-2116/#A9"><i class="fa fa-link"/></a></p></section>
						<section id="A10" class="indent-1"><p><span class="prefix-number">10.</span> Any other conditions or limitations under which the rights described in subdivision 8 may be exercised or will lapse; <a id="paragraph-221844" class="section-permalink" href="https://vacode.org/55.1-2116/#A10"><i class="fa fa-link"/></a></p></section>
						<section id="A11" class="indent-1"><p><span class="prefix-number">11.</span> An allocation to each <span class="dictionary">cooperative interest</span> of the <span class="dictionary">allocated interests</span> in the manner described in &#xA7; <a class="law" title="Allocation of ownership interests, votes, and common expense liabilities" href="/55.1-2118/">55.1-2118</a>; <a id="paragraph-221845" class="section-permalink" href="https://vacode.org/55.1-2116/#A11"><i class="fa fa-link"/></a></p></section>
						<section id="A12" class="indent-1"><p><span class="prefix-number">12.</span> Any restrictions on (i) use and occupancy of the <span class="dictionary">units</span>, (ii) alienation of the <span class="dictionary">cooperative interests</span>, and (iii) the amount for which a <span class="dictionary">cooperative interest</span> may be sold or the amount that may be received by a <span class="dictionary">proprietary lessee</span> upon sale of, condemnation of, or casualty loss to the <span class="dictionary">unit</span> or the cooperative or termination of the cooperative; <a id="paragraph-221846" class="section-permalink" href="https://vacode.org/55.1-2116/#A12"><i class="fa fa-link"/></a></p></section>
						<section id="A13" class="indent-1"><p><span class="prefix-number">13.</span> The recording data for recorded easements and licenses appurtenant to, or included in, the cooperative or to which any portion of the cooperative is or may become subject by virtue of a reservation in the <span class="dictionary">declaration</span>; and <a id="paragraph-221847" class="section-permalink" href="https://vacode.org/55.1-2116/#A13"><i class="fa fa-link"/></a></p></section>
						<section id="A14" class="indent-1"><p><span class="prefix-number">14.</span> All matters required by &#xA7;&#xA7; <a class="law" title="Leasehold cooperatives" href="/55.1-2117/">55.1-2117</a>, <a class="law" title="Allocation of ownership interests, votes, and common expense liabilities" href="/55.1-2118/">55.1-2118</a>, <a class="law" title="Limited common elements" href="/55.1-2119/">55.1-2119</a>, <a class="law" title="Use for sales purposes" href="/55.1-2125/">55.1-2125</a>, and <a class="law" title="Easement rights" href="/55.1-2126/">55.1-2126</a> and subsection D of &#xA7; <a class="law" title="Executive board members and officers" href="/55.1-2134/">55.1-2134</a>. <a id="paragraph-221848" class="section-permalink" href="https://vacode.org/55.1-2116/#A14"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The <span class="dictionary">declaration</span> may contain any other matters the declarant deems appropriate. <a id="paragraph-221849" class="section-permalink" href="https://vacode.org/55.1-2116/#B"><i class="fa fa-link"/></a></p></section></text><history>1982, c. 277, &#xA7; 55-442; 2019, c. 712.</history><metadata></metadata></law>
