2015 Code of Virginia
Title 55 - Property and Conveyances
§ 55-79.23. Prerequisites to sale of units by developer; purchasers' receipts for reports
The developer shall not enter into a binding contract or agreement for the sale of any unit in a condominium project until
(a) A true copy of the Board's final or substitute public report thereon with all supplementary public reports, if any has been issued, has been given to the prospective purchaser,
(b) The latter has been given an opportunity to read same, and,
(c) His receipt taken therefor.
Receipts taken for any public report shall be kept on file in possession of the developer subject to inspection at a reasonable time by the Board or its deputies, for a period of three years from the date the receipt was taken.
1962, c. 627, ยง 23.
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