                                 CODE OF VIRGINIA

PUBLIC OFFERING STATEMENT; COOPERATIVES CONTAINING CONVERSION BUILDING (§
55.1-2158)

A. In addition to the information required by § 55.1-2155, the public offering
statement of a cooperative containing any conversion building shall contain:

   1. A statement by the declarant, based on a report prepared by an independent,
   registered architect or engineer, describing the present condition of all
   structural components and mechanical and electrical installations material to
   the use and enjoyment of the building;

   2. A statement by the declarant of the expected useful life of each item
   reported on in subdivision 1, or a statement that no representations are made
   in that regard; and

   3. A list of any outstanding notices of uncured violations of building code or
   other municipal regulations, together with the estimated cost of curing those
   violations.

B. This section applies only to buildings containing units that may be occupied
for residential use.

HISTORY: 1982, c. 277, § 55-481; 2019, c. 712.