What must be included with declaration instruments submitted to the Virginia Real Estate Board?

The correct answer includes all the elements necessary for declaration instruments submitted to the Virginia Real Estate Board, which are crucial for clarity and proper identification in the context of real estate law.

The name of the condo, or condominium, is essential because it officially identifies the property involved, allowing for straightforward reference within legal documents and municipal records.

A legal description of the property is also critical. This description provides a precise delineation of the boundaries and ensures that the property can be accurately located and identified. This is particularly important in real estate transactions to avoid disputes over property lines.

An exact description of unit boundaries is necessary for condominiums because it defines the individual units' spatial limits within the overall property. This is important for determining ownership rights and responsibilities, as well as for assessing property taxes and any potential issues with neighboring units.

Thus, all these components are vital to ensure the documents submitted are comprehensive, clear, and legally binding, helping to facilitate smooth real estate transactions and governance.