Described is a system and method for declaring a resource element in markup that is intended to be instantiated lazily only upon use at run-time rather than always at markup load time. In one embodiment, the invention provides a parent resources tag that encloses resource elements that may be any type of markup element. On compile, a specially prepared compiler/parser identifies the Resource tag and creates definitional information sufficient to describe the resource elements in such a manner that the resource elements are defined but not created at run-time when the markup is first loaded, and are created only upon use at run-time. A resource may be defined to be shared or non-shared. If shared, the resource is instantiated only once and that same instance is handed out each time the resource is accessed. If non-shared, a new instance of the resource is always created and handed out on each access of the resource.