All of the co-owners or such lesser percentage as may be authorized in the master deed, or the sole owner of a building constituted into a horizontal property regime, may by deed waive this regime and regroup, amend the master deed, or merge the records of the filial estates with the principal property, provided that the filial estates are unencumbered, or if they are encumbered, that the creditors on whose behalf the encumbrances are recorded accept as security the undivided portions of the property owned by the debtors.
1962, c. 627, § 9, § 55-79.9; 1966, c. 683; 1973, c. 374; 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