Virginia Administrative Code › Title 18 - PROFESSIONAL AND OCCUPATIONAL LICENSING › Agency 48 - COMMON INTEREST COMMUNITY BOARD › Chapter 30 - CONDOMINIUM REGULATIONS › Part III - Application for Registration › Section 18VAC48-30-130 - Minimum requirements for registration

Current through Register Vol. 40, No. 24, July 15, 2024
Applications for registration shall include the
					 following:
1. The documents and
				  information contained in §
										55.1-1975
				  of the Code of Virginia.
2. The
				  application fee specified in 18VAC48-30-100.
3. The following documents shall be included
				  as exhibits. All exhibits shall be labeled as indicated and submitted in
				  hardcopy form and electronically in a format acceptable to the board.
a. Exhibit A: A copy of the certificate of
				  incorporation or certificate of authority to transact business in Virginia
				  issued by the Virginia State Corporation Commission or other entity formation
				  documents.
b. Exhibit B: A copy of
				  the title opinion, title policy, or a statement of the condition of the title
				  to the condominium project including encumbrances as of a specified date within
				  30 days of the date of application by a title company or licensed attorney who
				  is not a salaried employee, officer, or director of the declarant or owner, in
				  accordance with subdivision A 5 of §
											55.1-1975
				  of the Code of Virginia.
c. Exhibit
				  C: A copy of the instruments that will be delivered to a purchaser to evidence
				  the purchaser's interest in the unit and of the contracts and other agreements
				  that a purchaser will be required to agree to or sign.
d. Exhibit D: A narrative description of the
				  promotional plan for the disposition of the condominium units.
e. Exhibit E: A copy of documentation
				  demonstrating the declarant's financial ability to complete the project in
				  accordance with
				  18VAC48-30-120.
f. Exhibit F: A copy of the proposed public
				  offering statement that complies with subsection A of §
											55.1-1976
				  and subsection B of §
											55.1-1982
				  of the Code of Virginia, as applicable, and this chapter. A substitute public
				  offering statement or a prospectus pursuant to
				  18VAC48-30-370
				  and
				  18VAC48-30-380
				  respectively may be submitted for a condominium formed in another
				  jurisdiction.
g. Exhibit G: Copies
				  of bonds required by §§
											55.1-1921,
				  55.1-1968,
				  and
				  55.1-1983 of
				  the Code of Virginia, as applicable.
h. Exhibit H: A list with the name of every
				  officer of the declarant who is directly responsible for the project or person
				  occupying a similar status within, or performing similar functions for, the
				  declarant. The list must include each individual's address, principal
				  occupation for the past five years, and extent and nature of the individual's
				  interest in the condominium as of a specified date within 30 days of the filing
				  of the application.
i. Exhibit I:
				  Plats and plans of the condominium that (i) comply with the provisions of
				  §
											55.1-1920
				  of the Code of Virginia and
				  18VAC48-30-140
				  other than the certification requirements and (ii) show all units and buildings
				  containing units to be built anywhere within the submitted land other than
				  within the boundaries of any convertible lands. Hardcopy submittals of plats
				  and plans must be no larger than 11 inches by 17 inches.
j. Exhibit J: Conversion condominiums must
				  attach (i) a copy of the general notice provided to tenants of the condominium
				  at the time of application pursuant to subsection C of §
											55.1-1982
				  of the Code of Virginia, (ii) a copy of the formal notice to be sent at the
				  time of registration to the tenants, if any, of the buildings, and (iii) the
				  certified statement required in accordance with subsection D of §
											55.1-1982
				  of the Code of Virginia.