                                 CODE OF VIRGINIA

ALLOCATION OF INTERESTS IN THE COMMON ELEMENTS (§ 55.1-1917)

A. The declaration may allocate to each unit depicted on plats and plans that
comply with subsections A and B of &#xA7; 55.1-1920 an undivided interest in the
common elements proportionate to either the size or par value of each unit. If
par value is stated in terms of dollars, that statement shall not be deemed to
reflect or control the sales price or fair market value of any unit, and no
opinion, appraisal, or fair market transaction at a different figure shall
affect the par value of any unit or any undivided interest in the common
elements, voting rights in the unit owners&#8217; association, or liability for
common expenses assigned on the basis of such par value.

B. If the basis for allocation provided in subsection A is not used, then the
declaration shall allocate to each such unit an equal undivided interest in the
common elements, subject to the following exception: Each convertible space so
depicted shall be allocated an undivided interest in the common elements
proportionate to the size of each such space, vis-a-vis the aggregate size of
all units so depicted, while the remaining undivided interest in the common
elements shall be allocated equally to the other units so depicted.

C. The undivided interests in the common elements allocated in accordance with
subsection A or B shall add up to 1 if stated as fractions or 100 percent if
stated as percentages.

D. If, in accordance with subsection A or B, an equal undivided interest in the
common elements is allocated to each unit, the declaration may state that fact
and need not express the fraction or percentage so allocated.

E. Unless an equal undivided interest in the common elements is allocated to
each unit, the undivided interest allocated to each unit in accordance with
subsection A or B shall be reflected by a table in the declaration, or by an
exhibit to the declaration, containing three columns. The first column shall
identify the units, listing them serially or grouping them together in the case
of units to which identical undivided interests are allocated. Corresponding
figures in the second and third columns shall set forth the respective areas or
par values of those units and the fraction or percentage of undivided interest
in the common elements allocated to such units.

F. Except to the extent otherwise expressly provided by this chapter, the
undivided interest in the common elements allocated to any unit shall not be
altered, and any purported transfer, encumbrance, or other disposition of that
interest without the unit to which it appertains is void.

G. The common elements shall not be subject to any action for partition until
and unless the condominium is terminated.

HISTORY: 1974, c. 416, § 55-79.55; 2019, c. 712.