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32 chapters · 875 sections in this title.
Va. Code Ann. § 55.1-2146 Assessments for common expenses
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A. Until the association makes a common expense assessment, the declarant shall pay all common expenses. After any assessment has been made by the association, assessments must be made at least annually, based on a budget adopted at least annually by the association. B. Except fo…
Va. Code Ann. § 55.1-2147 Annual budget; reserves for capital components
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A. Except to the extent provided in the declaration, the board of directors shall, prior to the commencement of the fiscal year, make available to lot owners either (i) the annual budget of the association or (ii) a summary of such annual budget. B. Except to the extent otherwise…
Va. Code Ann. § 55.1-2148 Remedies for nonpayment of assessments; lien; foreclosure
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A. The association has a lien on a cooperative interest for any assessment levied against that cooperative interest or fines imposed against its owner from the time the assessment or fines become due. Unless the declaration otherwise provides, fees, charges, late charges, fines, …
Va. Code Ann. § 55.1-2149 Other liens affecting the cooperative
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A. Regardless of whether his cooperative interest is subject to the claims of the association's creditors, no property of a proprietary lessee other than his cooperative interest is subject to those claims. B. If the association receives notice of an impending foreclosure on all …