 |
Code of Virginia (Last Updated:July 28, 2020) |
 |
TITLE 55.1. Property and Conveyances |
|
|
SUBTITLE IV. Common Interest Communities |
|
|
CHAPTER 22. Virginia Real Estate Time-Share Act |
|
|
ARTICLE 1. General Provisions |
|
|
SECTION 55.1-2205. Use of terms |
|
A developer in its offering or disposition of a time-share may use interchangeably any term recognized in the industry, including "time-share," "time-share interest," "interval ownership," "interval ownership interest," "vacation ownership," "vacation ownership interest," and "product." A developer shall not use the term "incidental benefit" or "alternative purchase" except in the proper context. |