Virginia Code 55.1-1802: Developer to register and file annual report; payment of real estate taxes attributable to the common area.
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A. Unless control of the association has been transferred to the members, the developer shall register the association with the Common Interest Community Board within 30 days after recordation of the declaration and thereafter shall ensure that the report required pursuant to § 55.1-1835 and any required update has been filed.
Terms Used In Virginia Code 55.1-1802
- Association: means the property owners' association. See Virginia Code 55.1-1800
- Common area: means property within a development which is owned, leased, or required by the declaration to be maintained or operated by a property owners' association for the use of its members and designated as a common area in the declaration. See Virginia Code 55.1-1800
- Common interest community: means the same as that term is defined in § Virginia Code 55.1-1800
- Declaration: includes any amendment or supplement to the instruments described in this definition. See Virginia Code 55.1-1800
- real estate: includes lands, tenements and hereditaments, and all rights and appurtenances thereto and interests therein, other than a chattel interest. See Virginia Code 1-219
B. Upon the transfer of the common area to the association, the developer shall pay all real estate taxes attributable to the open or common space as defined in § 58.1-3284.1 through the date of the transfer to the association.
1993, c. 956, § 55-509.1; 2018, c. 733; 2019, c. 712; 2023, cc. 387, 388.