The most fundamental right of every Home Buyer is the right to purchase a home that is best suited to their needs and lifestyle, and where they know their Family will be happy. After all, they are purchasing NOT just a house, they are purchasing a HOME. This is the minimum of protection that should be guaranteed by the CONSTITUTION. It goes into the heart of individual rights and property rights.
Virginia Property Owners’ Association Act requires Home Seller to disclose if their house is located within a development that is subject to the Virginia Property Owner’s Association Act. The POA Act requires the Seller of the property within such a development to obtain an Association Disclosure packet from the property owners’ association and provide it to the Purchaser. The information in the Association Disclosure Packet should be current as of a date-specified on the Association Disclosure Packet.
This is very important to understand because all the information and all the data may be correct in the Packet leading up to the date on the Packet, but very misleading if changes in community bylaws were made after that date or if any other information changed (ex. there is a lawsuit against the HOA). This is why it is wise and important to ALWAYS request an UPDATE to the Packet. The Seller has the obligation to provide the Packet for the Home Buyer, but the Buyer has the right – at the Buyer’s expense – to request an update to the HOA Packet.
Virginia Jurisdictional Addendum states very clearly: “The Purchaser, at the Purchaser’s expense, shall have the right to request that the association provide an update of the Association Disclosure Packet previously furnished, along with the assurance that there have been no material change, or if there have been material change, a statement specifying such changes”.
Virginia POA Act is the STATE LAW in Virginia. It means that a Seller of a property CANNOT legally request of a Buyer to forgo the HOA Documents or the Condominium Documents. This includes the foreclosed properties – banks are NOT above the law. The Buyer has the right to demand the HOA documents BEFORE making the decision.
What if a POA Packet is delivered with incomplete, misleading information as to the material facts?
It appears to be the case in Potomac Crossing, Leesburg, VA where Home Buyers received HOA documents that included a MAP of the community with the elementary school near by marked on the map but the Mormon church was NOT marked. Many Home Buyers were told that the lot was common area and nothing ever was going to be built on it. The HOA docs should have had the information current as of a date-specified on the Association Disclosure Packet but did NOT.
Again, Virginia Property Owners’ Association Act IS THE STATE LAW – whenever there is a proof that the law was violated, an attorney should be contacted for legal advise.
NOTE: Advertisement Ads which appear in most posts on this Blog are run by WordPress and do NOT necessarily represent the views of Vivianne Rutkowski or Keller Williams Realty. Visitors to this blog are NOT obligated to click the ads to visit this blog.