Virginia Code 55.1-2005: Apartments subject to individual titles and interests; recording; transfer of garage unit
Current as of: 2023 | Check for updates
|
Other versions
Once the property is established as a horizontal property regime, an apartment in the building is a separate parcel of real property and may be individually conveyed and encumbered, independent of the other apartments in the building, and the corresponding individual titles and interests shall be recordable. A garage unit sold to a co-owner as a limited common element may be sold or transferred by him to another co-owner in the same horizontal property regime independently of and separately from his apartment.
Terms Used In Virginia Code 55.1-2005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
1962, c. 627, § 4, § 55-79.4; 1966, c. 683; 1973, c. 375; 2019, c. 712.