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2012 SESSION

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HB 605 Virginia Property Owners' Association Act; duty of care for board of directors.

Introduced by: James M. LeMunyon | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Property Owners' Association Act; board of directors; duty of care; enforcement of rules.  Establishes a duty of care for officers and members of the board of directors. The bill also authorizes a board to increase the total charges that may be assessed in the case of a member's continuing failure to comply with architectural guidelines pertaining to the renovation or expansion of a structure to an amount equal to 20 percent of the increase in the value resulting from the renovation or expansion.


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