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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>369476</law_id><section_number>55.1-1969</section_number><catch_line>Restraints on alienation</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="120" identifier="55.1">Property and Conveyances</unit><unit label="subtitle" level="2" order_by="4" identifier="IV">Common Interest Communities</unit><unit label="chapter" level="3" order_by="2" identifier="19">Virginia Condominium Act</unit><unit label="article" level="4" order_by="3" identifier="3">Management of Condominium</unit></structure><text>
						<section><p>If the condominium instruments create any rights of first refusal or other restraints on free alienability of the <span class="dictionary">condominium units</span>, such rights and restraints are void unless the condominium instruments make provision for promptly furnishing to any <span class="dictionary">unit owner</span> or <span class="dictionary">purchaser</span> requesting such rights and restraints a recordable statement certifying to any <span class="dictionary">waiver</span> of, or failure or refusal to exercise, such rights and restraints, in all cases where such <span class="dictionary">waiver</span>, failure, or refusal does in <span class="dictionary">fact</span> occur. Failure or refusal to furnish promptly such a statement in such circumstances in accordance with the provisions of the condominium instruments make all such rights and restraints inapplicable to any <span class="dictionary">disposition</span> of a <span class="dictionary">condominium unit</span> in contemplation of which such statement was requested. Any such statement shall be binding on the <span class="dictionary">unit owners</span>&#x2019; association, the <span class="dictionary">executive board</span>, and every <span class="dictionary">unit owner</span>. Payment of a fee not exceeding $25 may be required as a prerequisite to the issuance of such a statement if the condominium instruments so provide.</p></section></text><history>1974, c. 416, &#xA7; 55-79.85; 2019, c. 712.</history><metadata><court_decisions></court_decisions></metadata></law>
