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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>56550</law_id><section_number>55.1-2317</section_number><catch_line>Exemptions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>55.1-2308</reference><reference>55.1-2309</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="23.1">Resale Disclosure Act</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The <span class="dictionary">resale certificate</span> required by this chapter need not be provided in the case of: <a id="paragraph-206963" class="section-permalink" href="https://vacode.org/55.1-2317/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> An initial <span class="dictionary">disposition</span> of a <span class="dictionary">unit</span> to a person or entity that is not acquiring the <span class="dictionary">unit</span> for his own residence or for the construction of a dwelling <span class="dictionary">unit</span> to be occupied as his own residence, unless requested by such person or entity. The person or entity acquiring the <span class="dictionary">unit</span> shall nevertheless be obligated to abide by the declaration, bylaws, <span class="dictionary">rules and regulations</span>, and architectural guidelines of the <span class="dictionary">association</span> as to all matters; <a id="paragraph-206964" class="section-permalink" href="https://vacode.org/55.1-2317/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> A <span class="dictionary">disposition</span> of a <span class="dictionary">unit</span> by gift; <a id="paragraph-206965" class="section-permalink" href="https://vacode.org/55.1-2317/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> A <span class="dictionary">disposition</span> of a <span class="dictionary">unit</span> pursuant to <span class="dictionary">court order</span> if the court so directs; <a id="paragraph-206966" class="section-permalink" href="https://vacode.org/55.1-2317/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> A <span class="dictionary">disposition</span> of a <span class="dictionary">unit</span> by foreclosure or deed in lieu of foreclosure; <a id="paragraph-206967" class="section-permalink" href="https://vacode.org/55.1-2317/#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 auction, when the <span class="dictionary">resale certificate</span> was made available as part of the auction package for prospective <span class="dictionary">purchasers</span> prior to the auction; or <a id="paragraph-206968" class="section-permalink" href="https://vacode.org/55.1-2317/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A6" class="indent-1"><p><span class="prefix-number">6.</span> A <span class="dictionary">disposition</span> of a <span class="dictionary">unit</span> in a <span class="dictionary">common interest community</span> containing no residential <span class="dictionary">units</span>. <a id="paragraph-206969" class="section-permalink" href="https://vacode.org/55.1-2317/#A6"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> In any transaction in which a <span class="dictionary">resale certificate</span> is required and a trustee acts as the <span class="dictionary">seller</span> in the sale or resale of a <span class="dictionary">unit</span>, the trustee shall obtain the <span class="dictionary">resale certificate</span> from the <span class="dictionary">association</span> and provide the <span class="dictionary">resale certificate</span> to the <span class="dictionary">purchaser</span>. <a id="paragraph-206970" class="section-permalink" href="https://vacode.org/55.1-2317/#B"><i class="fa fa-link"/></a></p></section></text><history>2023, cc. 387, 388; 2024, cc. 54, 511.</history><metadata></metadata></law>
