                                 CODE OF VIRGINIA

CONTENTS OF DECLARATION (§ 55.1-2116)

A. The declaration shall contain:

   1. The name of the cooperative, which shall include the word
   &#8220;cooperative&#8221; or be followed by the words &#8220;a
   cooperative,&#8221; and the association;

   2. The name of every county or city in which any part of the cooperative is
   situated;

   3. A legally sufficient description of the real estate included in the
   cooperative;

   4. A statement of the maximum number of units that the declarant reserves the
   right to create;

   5. A description, which may be by plats or plans, of each unit created by the
   declaration, including the unit&#8217;s identifying number, its size or number
   of rooms, and its location within a building if it is within a building
   containing more than one unit;

   6. A description of any limited common elements, other than those specified in
   subdivisions 2 and 4 of &#xA7; 55.1-2113;

   7. A description of any real estate, except real estate subject to development
   rights, that may be allocated subsequently as limited common elements, other
   than limited common elements specified in subdivisions 2 and 4 of &#xA7;
   55.1-2113, together with a statement that they may be so allocated;

   8. A description of any development rights and other special declarant rights
   reserved by the declarant, together with a legally sufficient description of
   the real estate to which each of those rights applies, and a time limit within
   which each of those rights are required to be exercised;

   9. If any development right may be exercised with respect to different parcels
   of real estate at different times, a statement to that effect together with
   (i) either a statement fixing the boundaries of those portions and regulating
   the order in which those portions may be subjected to the exercise of each
   development right or a statement that no assurances are made in those regards
   and (ii) a statement as to whether, if any development right is exercised in
   any portion of the real estate subject to that development right, that
   development right is required to be exercised in all or in any other portion
   of the remainder of that real estate;

   10. Any other conditions or limitations under which the rights described in
   subdivision 8 may be exercised or will lapse;

   11. An allocation to each cooperative interest of the allocated interests in
   the manner described in &#xA7; 55.1-2118;

   12. Any restrictions on (i) use and occupancy of the units, (ii) alienation of
   the cooperative interests, and (iii) the amount for which a cooperative
   interest may be sold or the amount that may be received by a proprietary
   lessee upon sale of, condemnation of, or casualty loss to the unit or the
   cooperative or termination of the cooperative;

   13. The recording data for recorded easements and licenses appurtenant to, or
   included in, the cooperative or to which any portion of the cooperative is or
   may become subject by virtue of a reservation in the declaration; and

   14. All matters required by &#xA7;&#xA7; 55.1-2117, 55.1-2118, 55.1-2119,
   55.1-2125, and 55.1-2126 and subsection D of &#xA7; 55.1-2134.

B. The declaration may contain any other matters the declarant deems
appropriate.

HISTORY: 1982, c. 277, § 55-442; 2019, c. 712.