Who governs homeowners associations in Virginia? HOAs are subject to a number of state, federal, and local laws and are governed by a common interest community board that creates and enforces certain rules and regulations contained in the HOA's governing documents.
Homeowners can sue a board member of an HOA in Virginia if they believe there has been a violation of the governing documents or state law. Legal action must be based on specific grievances, such as breach of fiduciary duty or failure to follow the association's rules.
There are select states that require HOA contingencies by law. Virginia is one that immediately comes to mind. ing to Section 55.1-1808, purchasers may cancel the contract within three days (up to 7 days if the ratified contract extends the period) after receiving an HOA disclosure packet.
There is no limit to the annual increase- your association must cover it's expenses. If you suspect fraud or mismanagement it's a local legal issue. It's probably not.