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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>64236</law_id><section_number>55.1-2205</section_number><catch_line>Use of terms</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>55.1-2208</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="22">Virginia Real Estate Time-Share Act</unit><unit label="article" level="4" order_by="1" identifier="1">General Provisions</unit></structure><text>
						<section><p>A <span class="dictionary">developer</span> in its <span class="dictionary">offering</span> or <span class="dictionary">disposition</span> of a <span class="dictionary">time-share</span> may use interchangeably any term recognized in the industry, including &#x201C;<span class="dictionary">time-share</span>,&#x201D; &#x201C;<span class="dictionary">time-share</span> interest,&#x201D; &#x201C;interval ownership,&#x201D; &#x201C;interval ownership interest,&#x201D; &#x201C;vacation ownership,&#x201D; &#x201C;vacation ownership interest,&#x201D; and &#x201C;<span class="dictionary">product</span>.&#x201D; A <span class="dictionary">developer</span> shall not use the term &#x201C;<span class="dictionary">incidental benefit</span>&#x201D; or &#x201C;<span class="dictionary">alternative purchase</span>&#x201D; except in the proper context.</p></section></text><history>1994, c. 580, &#xA7; 55-364.1; 2019, c. 712.</history><metadata></metadata></law>
