According to Virginia law, who is a declarant?

The correct answer identifies a declarant as a natural or legal owner who declares their intention to commit a property to a condominium regime. In Virginia real estate law, the term "declarant" specifically refers to the individual or entity that initiates the process of establishing a condominium project by filing the necessary documents to create a condominium regime. This includes outlining the rights and responsibilities of the unit owners and setting forth the declaration that will govern the operation of the condominium.

The role of a declarant involves not only establishing the framework for the condominium but also often retaining certain rights during the initial development phase, such as the ability to sell or lease units within the condominium. This is fundamental to the establishment and governance of condominium properties in Virginia.

Other options do not accurately define a declarant as they either address ownership that doesn’t pertain to condominiums specifically or mischaracterize the nature of shared ownership arrangements. Thus, the definition in C clearly aligns with the legal context provided by Virginia law regarding condominium properties.