What is the term for a natural or legal owner who declares their intention to commit property to a condo regime?

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The term for a natural or legal owner who declares their intention to commit property to a condo regime is "Declarant." In the context of condominium developments, a declarant is typically the developer or original owner who submits a property to the condominium regime, establishing the legal framework and necessary documentation for the condo's governance and operation. This includes creating the declaration of condominium, which outlines the boundaries of the units, common areas, and the rights and responsibilities of the unit owners.

The role of the declarant is crucial as they initiate the process of establishing a condominium, set the initial terms, and may retain certain rights to control the condominium association until a specified number of units are sold. This designation is important in real estate as it establishes who has the authority and responsibility during the initial phases of property development within a condominium project.

Understanding this term is key for anyone involved in residential real estate, especially in Virginia, as it helps clarify the roles and legal responsibilities within the structure of condo ownership and management.

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