The Virginia Common Interest Communities Resale Certificate Form can be found here:
Virginia Common Interest Communities Resale Certificate Form
Simple explanation (NOTE: This is not legal advice. Consult an attorney if you have questions):
The form is used when the unit being sold is in a development subject to the Virginia Condominium Act, the Virginia Property Owners’ Association Act or the Virginia Real Estate Cooperative Act.
Properties subject to these acts are considered “common interest communities” under the law and are governed by common interest community owners’ associations (“association”).
Units in common interest communities are subject to the Virginia Resale Disclosure Act that requires disclosure of information about the common interest community and its association on this resale certificate.
Complete explanation:
Please view the form at the link above and see the applicable section in the Code of Virginia.
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