                                 CODE OF VIRGINIA

SUBSTANTIAL COMPLETION OF UNITS (§ 55.1-2172)

In the case of a sale of a cooperative interest where delivery of a public
offering statement is required, a contract of sale may be executed, but no
interest in that cooperative interest may be conveyed, except pursuant to
subsection B of § 55.1-2176, until the declaration is recorded and the unit
that is a part of that cooperative interest is substantially completed, as
evidenced by a recorded certificate of substantial completion executed by an
independent, registered architect, surveyor, or engineer or by issuance of a
certificate of occupancy authorized by law.

HISTORY: 1982, c. 277, § 55-495; 2019, c. 712.