Association Charges : Be Aware of Legal Restrictions on Assessments and Charges (VA)
As of July 1, 2015, the Virginia Condominium Act provides that no condominium association may impose an assessment or charge against a unit owner unless such charge or assessment (a) is expressly authorized by the Condominium Act (see particularly Va. Code Sec. 55-79.83) and/or by the condominium instruments for the community, (b) represents a fee for service provided, or (c) is a fee for a resale certificate, as provided for in the Condominium Act. Va. Code Section 55-79.42:1. Read the article…………….
Willowsford is a 4,125-acre (1,669 ha) master-planned community that includes a range of luxury single-family housing and a wealth of
In addition to paying property taxes and a mortgage, condo owners have to pay a monthly maintenance fee, called a