Virginia § 55.1-2015 Payment of assessments upon conveyance of apartment; priority

Virginia Statutes

§ 55.1-2015 — Payment of assessments upon conveyance of apartment; priority

Virginia § 55.1-2015

JurisdictionVirginia

Title 55.1Property and Conveyances

Subtitle IVCommon Interest Communities

Ch. 20Horizontal Property Act

Art. 3Management of Horizontal Property Regimes

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Bluebook

Va. Code Ann. § 55.1-2015 (2026).

Text

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:

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.

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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:

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.