This By-Laws document for a condominium association contains information concerning: restrictions, the board of directors, and the advisary committee.
Bylaws Residential Association Format In Virginia
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§ 55.1-1805. The Common Interest Community Board may assess a monetary penalty for a violation of this section against any (a) association pursuant to § 54.1-2351 or (b) common interest community manager pursuant to § 54.1-2349, and may issue a cease and desist order pursuant to § 54.1-2352.
Title 55 - PROPERTY AND CONVEYANCES. Chapter 1 - Creation and Limitation of Estates; Their Qualities (55-1 thru 55-25.1) 55-17.1 - Trusts not to fail because no beneficiaries are specified by name and no duties laid on trustee; when interest of beneficiaries deemed personal property; liens. § 55-17.1.
The Virginia Property Owners Association Act (POAA) provides the primary legal structure for the creation, management, and operation of HOAs within the state. This act dictates how associations are formed, how they must function, and the ways in which they must comply with the governing documents.
This Act, found under Title 55.1, Chapter 18, governs the formation and operation of associations subject to a declaration recorded after January 1, 1959. The Act covers many topics, including association charges, access to association records, amendments to the declaration and bylaws, and liens.
§ 55.1-1805. The Common Interest Community Board may assess a monetary penalty for a violation of this section against any (a) association pursuant to § 54.1-2351 or (b) common interest community manager pursuant to § 54.1-2349, and may issue a cease and desist order pursuant to § 54.1-2352. 2008, cc.
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.
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.
§ 55.1-1826. Annual budget; reserve study; reserves for capital components. A. Prior to the commencement of the fiscal year, the board of directors shall make available to lot owners either (i) the annual budget of the association or (ii) a summary of such annual budget.
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.
For questions or additional information, please contact the Office of the Common Interest Community Ombudsman at (804) 367-2941 or cicombudsman@dpor.virginia.