A master deed or lease shall be recorded in the same manner and subject to the same provisions of law as are other deeds, provided that no state or local recordation tax upon the value of the property transferred shall apply to any such deed recorded solely for the purpose of complying with the provisions of § 55.1-2003.
The master deed or lease required pursuant to § 55.1-2003 shall include the following particulars:
1. The description of the land, whether leased or in fee simple, and the building, expressing their respective areas;
2. The general description and the number of each apartment, expressing its area, location, and any other data necessary for its identification;
3. The description of the general common elements of the building; and
4. The provisions requiring the council of co-owners to maintain insurance on the horizontal property regime.
1962, c. 627, § 7, § 55-79.7; 1966, c. 683; 1973, c. 375; 2019, c. 712.
Structure Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 20 - Horizontal Property Act
§ 55.1-2001. Property taxes assessed on individual apartments
§ 55.1-2002. Chapter additional and supplemental
§ 55.1-2003. Establishment of horizontal property regime
§ 55.1-2006. Joint or common ownership
§ 55.1-2007. Exclusive and common rights of owners
§ 55.1-2008. Master deed or lease; recordation; particulars
§ 55.1-2009. Deeds of individual apartments
§ 55.1-2010. Regrouping or merger of estates with principal property
§ 55.1-2011. Merger not to bar subsequent condominium
§ 55.1-2012. Bylaws governing administration of buildings
§ 55.1-2013. Books and records; inspection; audit
§ 55.1-2014. Contributions by co-owners
§ 55.1-2015. Payment of assessments upon conveyance of apartment; priority
§ 55.1-2016. Liens or encumbrances
§ 55.1-2017. Rule against perpetuities; rule restricting unreasonable restraints on alienation
§ 55.1-2018. Liability of owner
§ 55.1-2019. Compliance by co-owner with bylaws and administrative rules and regulations