If you are involved in governance of your HOA or Condo, this is an article that I published in the CAAR Real Estate Weekly last fall about Virginia's Common Interest Community Act of 2008. Portions of the Act became effective January 1, 2009.
The Act made sweeping changes to Virginia laws governing property owners associations, condominiums, and cooperatives. A new state-wide Common Interest Community Board to regulate these associations was created as well as a consumer Ombudsman. Another major initiative of the Act is to create licensing and regulatory requirements for any professional manager of community associations.
Thursday, January 15, 2009
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