Code of Virginia - Title 55 Property And Conveyances - Chapter 26 Property Owners' Association Act

  • 55-508 Applicability
    A. This chapter shall apply to developments subject to a declaration, as defined herein, initially recorded after January 1, 1959, associations incorporated or otherwise organized ...
  • 55-509 Definitions
    As used in this chapter, unless the context requires a different meaning: "Act" means the Virginia Property Owners' Association Act. "Association" means the property owners' ...
  • 55-509.1 Developer to pay real estate taxes attributable to the common area upon transfer to associatio...
    Upon the transfer of the common area to the association, the developer shall pay all real estate taxes attributable to the open or common space ...
  • 55-509.2 Documents to be provided by declarant upon transfer of control
    Unless previously provided to the board of directors of the association, once the majority of the members of the board of directors are owners of ...
  • 55-509.3 Association charges.
    Except as expressly authorized in this chapter, in the declaration, or otherwise provided by law, no association may make an assessment or impose a charge ...
  • 55-509.4 Contract disclosure statement; right of cancellation.
    A. Subject to the provisions of subsection A of § 55-509.10, a person selling a lot shall disclose in the contract that (i) the lot ...
  • 55-509.5 Contents of association disclosure packet; delivery of packet.
    A. The association shall deliver, within 14 days after receipt of a written request and instructions by a seller or his authorized agent, an association ...
  • 55-509.6 Fees for disclosure packet; associations managed by a common interest community manager.
    A. The association or its common interest community manager may charge certain fees as authorized by this section for the inspection of the property, the ...
  • 55-509.7 Fees for disclosure packets; associations not managed by a common interest community manager...
    A. The association may charge a fee for the preparation and issuance of the association disclosure packet required by § 55-509.5. Any fee shall reflect ...
  • 55-509.8 Properties subject to more than one declaration.
    If the lot is subject to more than one declaration, the association or its common interest community manager may charge the fees authorized by § ...
  • 55-509.9 Requests by settlement agents.
    A. The settlement agent may request a financial update from the preparer of the disclosure packet. The preparer of the disclosure packet shall, upon request ...
  • 55-509.10 Exceptions to disclosure requirements.
    A. The contract disclosures required by § 55-509.4 and the association disclosure packet required by § 55-509.5 shall not be provided in the case of: ...
  • 55-510 Access to association records; association meetings; notice
    A. The association shall keep detailed records of receipts and expenditures affecting the operation and administration of the association. All financial books and records shall ...
  • 55-510.1 Meetings of the board of directors
    A. All meetings of the board of directors, including any subcommittee or other committee thereof, shall be open to all members of record. The board ...
  • 55-510.2 Distribution of information by members
    The board of directors shall establish a reasonable, effective, and free method, appropriate to the size and nature of the association, for lot owners to ...
  • 55-511 , 55-512
    Repealed by Acts 2008, cc. 851 and 871, cl. 5. ...
  • 55-513 Adoption and enforcement of rules
    A. Except as otherwise provided in this chapter, the board of directors shall have the power to establish, adopt, and enforce rules and regulations with ...
  • 55-513.1 Flag display; necessary supporting structures; affirmative defense
    A. Unless specifically prohibited by the association's rules and regulations or architectural guidelines provided in the disclosure packet required pursuant to § 55-509.5, the association ...
  • 55-514 Authority to levy special assessments
    A. In addition to all other assessments which are authorized in the declaration, the board of directors shall have the power to levy a special ...
  • 55-514.1 Reserves for capital components
    A. Except to the extent otherwise provided in the declaration and unless the declaration imposes more stringent requirements, the board of directors shall: 1. Conduct ...
  • 55-514.2 Deposit of funds; fidelity bond
    A. All funds deposited with a managing agent shall be handled in a fiduciary capacity and shall be kept in a fiduciary trust account in ...
  • 55-515 Compliance with declaration
    A. Every lot owner, and all those entitled to occupy a lot shall comply with all lawful provisions of this chapter and all provisions of ...
  • 55-515.1 Amendment to declaration and bylaws; consent of mortgagee
    A. In the event that any provision in the declaration requires the written consent of a mortgagee in order to amend the bylaws or the ...
  • 55-515.2 Validity of declaration; corrective amendments
    A. All provisions of a declaration shall be deemed severable, and any unlawful provision thereof shall be void. B. No provision of a declaration shall ...
  • 55-516 Lien for assessments
    A. Once perfected, the association shall have a lien on every lot for unpaid assessments levied against that lot in accordance with the provisions of ...
  • 55-516.1 Annual report by association
    A. The association shall file an annual report in a form and at such time as prescribed by regulations of the Common Interest Community Board. ...
  • 55-516.2 Condemnation of common area; procedure
    When any portion of the common area is taken or damaged under the power of eminent domain, any award or payment therefor shall be paid ...

Last modified: April 3, 2009