Code of Virginia § 55.1-2171. Declarant's obligation to complete and restore.

106 words·~1 min read·/va/title-55-1/chapter-21/55-1-2171

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. The declarant shall complete all improvements depicted on any site plan or other graphic representation included in the public offering statement or in any promotional material distributed by or for the declarant unless that improvement is labeled "NEED NOT BE BUILT."

B. The declarant is subject to liability for the prompt repair and restoration, to a condition compatible with the remainder of the cooperative, of any portion of the cooperative affected by the exercise of rights reserved pursuant to or created by §§ 55.1-2120 , 55.1-2121 , 55.1-2122 , 55.1-2123 , 55.1-2125 , and 55.1-2126 .

1982, c. 277, § 55-494; 2019, c. 712 .