West Virginia Statement of Covenant for Board Members

State:
Multi-State
Control #:
US-ENTREP-0030-2
Format:
Word; 
Rich Text
Instant download

Description

Expectations of Individual Board Members
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FAQ

You can start by calling an association meeting and ask for a vote on dissolving the HOA. If approved, have the agreeing members sign the termination agreement. Settle any debts, dispose of assets belonging to the HOA, and file the necessary documentation with the SOS to complete the dissolution.

The short answer is no; a covenant is not the same as an HOA. An HOA, or Homeowners Association, is a governing body created by a real estate developer or community members to manage and maintain common areas and amenities and enforce rules and regulations within a specific neighborhood or community.

The West Virginia Unit Property Act regulates the creation, operation, management, and powers of condominium associations that expressly opt to be governed by this Act. This is done by recording a declaration under the provisions of this Act in the county's recording office where the condominium is located.

Option 1: Download and print the forms, fill it out by hand, and mail it (with any copies of documents related to the complaint) to: Office of the Attorney General, Consumer Protection Division, PO Box 1789, Charleston, WV 25326-1789. Option 3: Fill out an online version of the General Consumer Complaint form here.

You may complete a complaint form online or download one of our complaint forms. For further assistance call our Consumer Protection Hotline at 1-800-552-9963 if calling from Virginia, or (804) 786-2042 if calling from the Richmond area or from outside Virginia.

Declaration of Consideration of Value (This is the monetary amount for which the property is sold. If the property is being transferred without monetary value, it must state in the declaration paragraph 'why' it is exempt from transfer tax.)

Homeowners' associations in WV are regulated by the Uniform Common Interest Community Act. This act covers both HOAs and condominium associations.

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West Virginia Statement of Covenant for Board Members