Virginia Code 55.1-2015: Payment of assessments upon conveyance of apartment; priority
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Upon the sale or conveyance of an apartment, all unpaid assessments against a co-owner for his pro rata share in the expenses provided for in § 55.1-2014 shall first be paid out of the sale price or by the purchaser in priority over any other assessments or charges of whatever nature except the following:
Terms Used In Virginia Code 55.1-2015
- Locality: means a county, city, or town as the context may require. See Virginia Code 1-221
1. Assessments, liens, and charges in favor of the Commonwealth or any locality for taxes past due and unpaid on the apartment; and
2. Payments due under mortgages duly recorded.
1962, c. 627, § 15, § 55-79.15; 2019, c. 712.