                                 CODE OF VIRGINIA

CERTAIN REAL ESTATE ARRANGEMENTS AND COVENANTS NOT DEEMED TO CONSTITUTE A COMMON
INTEREST COMMUNITY (§ 54.1-2345.1)

A. An arrangement between the associations for two or more common interest
communities to share the costs of real estate taxes, insurance premiums,
services, maintenance, or improvements of real estate, or other activities
specified in their arrangement or declarations does not create a separate common
interest community, or an arrangement between an association and the owner of
real estate that is not part of a common interest community to share the costs
of real estate taxes, insurance premiums, services, maintenance, or improvements
of real estate, or other activities specified in their arrangement does not
create a separate common interest community. Assessments against the lots in the
common interest community required by such arrangement shall be included in the
periodic budget for the common interest community, and the arrangement shall be
disclosed in all required public offering statements and resale certificates.

B. A covenant requiring the owners of separately owned parcels of real estate to
share costs or other obligations associated with a party wall, driveway, well,
or other similar use does not create a common interest community unless the
owners otherwise agree to create such community.

HISTORY: 2019, c. 712; 2023, cc. 387, 388.