Real Estate: The Virginia Property Owners’ Association Act – An Introduction

     The Virginia Property Owners’ Association Act provides homeowner’s associations with additional protections when homeowners fail to pay their dues; it also defines responsibilities of the association. Accordingly, homeowner’s associations should be knowledgeable of the Act and its provisions. The Act applies to developments subject to a declaration recorded after January 1, 1959, associations incorporated or otherwise organized after such date, and all subdivisions created under the former Subdivided Land Sales Act. In the November, I will briefly introduce this Act and some of the special duties it imposes on homeowner’s associations. In December, I will address memorandum of liens and foreclosures.