Va. Condominium & Property Owners' Association Act; contents of disclosure packets. (SB705)

Introduced By

Sen. Scott Surovell (D-Mount Vernon)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Condominium Act and the Property Owners' Association Act; contents of association disclosure packet; unfunded capital reserves. Provides for the disclosure packets required upon the resale of a unit under the Virginia Condominium Act or a lot under the Property Owners' Association Act to include a statement of the total amount of unfunded capital reserves based on the current reserve study, including the pro rata share of such unfunded capital reserves per unit or lot. Read the Bill »


Bill Has Failed


01/10/2018Prefiled and ordered printed; offered 01/10/18 18100401D
01/10/2018Referred to Committee on General Laws and Technology
01/22/2018Impact statement from DPB (SB705)
01/22/2018Passed by indefinitely in General Laws and Technology with letter (10-Y 0-N) (see vote tally)