Condo Common Element For Rent In Fairfax
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The Virginia Property Owners' Association Act covers policies mostly for the common areas of a residential development in Virginia. The seller is obligated to provide a written copy of all association documents before a buyer purchases a home. A buyer may cancel within three days of receiving the association documents.
The Virginia inium Act consists of five articles addressing general provisions, the creation, alteration, and termination of iniums, inium management, administration of sales of iniums, disclosure requirements and authorized fees.
§ 55.1-1915. The declarant, every unit owner, and all those entitled to occupy a unit shall comply with all lawful provisions of this chapter and all provisions of the inium instruments.
Common Interest Community Board | Virginia Department of Professional and Occupational Regulation.
The Declaration of Covenants, Conditions and Restrictions, or “CC&Rs”, is the primary and most important governing document for a inium or planned development, and is required for all iniums and planned developments.
Current through the 2022 Regular Session. The Virginia inium Act (the “Act”) found under the new Title 55.1, Chapter 19 (§§ 55.1-1900 through 55.1-1995) of the Code of Virginia, applies to “all iniums and to all horizontal property regimes or inium projects.
