For how long can condominium units be put up for time-share use?

In Virginia, the law permits condominium units to be used for time-share purposes for a maximum of 60% of the year. This regulation is intended to ensure that the units are not over-utilized as time-share properties at the expense of their residential use. By limiting time-share usage to 60% of the year, the law balances the interests of both time-share owners and those who may wish to own or occupy the property as a primary or secondary residence.

The correct answer reflects an understanding of this regulatory framework, which aims to maintain the integrity and value of condominium units while also allowing for a viable time-share market. This limitation is designed to prevent potential conflicts among residents and time-share holders regarding the availability and use of the property.