Code of Virginia § 55.1-2172. Substantial completion of units.
102 words·~1 min read·
/va/title-55-1/chapter-21/55-1-2172A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
1982, c. 277, § 55-495; 2019, c. 712 .