Condominium Act; convertible land. (HB1995)

Introduced By

Del. Jimmie Massie (R-Richmond)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Condominium Act; convertible land. Provides that no mortgage, deed of trust, or other lien shall be subject to the provisions of a recorded declaration unless such mortgage, deed of trust, or other lien expressly so provides. The bill also provides that certification that all units or portions thereof depicted on the plans have been substantially completed shall not be required at the time of recordation if a completion bond has been filed and remains in full force and effect until all units designated on the convertible land are certified as substantially complete by a licensed architect, licensed engineer, or licensed land surveyor. Finally, the bill provides that if a completion bond has been filed before the expiration of the time limits for conversion of convertible land, then such time limit to complete the units shall be deemed satisfied for so long as the bond remains in effect. Read the Bill »


Bill Has Failed


01/09/2013Prefiled and ordered printed; offered 01/09/13 13101046D
01/09/2013Referred to Committee for Courts of Justice
01/14/2013Stricken from docket by Courts of Justice