2006 Code of Virginia § 55-528 - Definitions

55-528. Definitions.

As used in this chapter, unless the context requires a different meaning:

"Association" includes condominium, cooperative, or property owners'associations.

"Board" means the Real Estate Board.

"Common interest community" means real estate located within theCommonwealth subject to a declaration which contains lots, at least some ofwhich are residential or occupied for recreational purposes, and common areasto which a person, by virtue of his ownership of a lot, is a member of anassociation and is obligated to pay assessments provided for in a declaration.

"Declaration" means any instrument, however denominated, recorded among theland records of the county or city in which the development or any partthereof is located, that either (i) imposes on the association maintenance oroperational responsibilities for the common area as a regular annualassessment or (ii) creates the authority in the association to impose onlots, or on the owners or occupants of such lots, or on any other entity anymandatory payment of money as a regular annual assessment in connection withthe provision of maintenance or services or both for the benefit of some orall of the lots, the owners or occupants of the lots, or the common area."Declaration" includes any amendment or supplement to the instrumentsdescribed in this definition.

"Lot" means (i) any plot or parcel of land designated for separateownership or occupancy shown on a recorded subdivision plat for a developmentor the boundaries of which are described in the declaration or in a recordedinstrument referred to or expressly contemplated by the declaration, otherthan a common area, and (ii) a unit in a condominium association or a unit ina real estate cooperative.

(1993, c. 958.)

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