Specific Acts Pertaining to Real Estate Practice - 4 items
Condominium - A type of ownership of a multi-unit property in which each unit owner has a separate deed to their unit and an undivided interest in the common areas of the property. The common areas of a property are the areas that all the occupants of the property share.
Property Owners Association Act - Outlines the governance, rights, and responsibilities of property owners and associations, ensuring fair management and dispute resolution within common interest communities.
Property Owners Association Act (POAA) - Establishes the legal framework for property owners' associations (POAs) in Virginia, which govern common interest communities. The act defines key terms, outlines the powers of associations, and sets forth the rights and obligations of property owners.
Virginia Condominium Act - Is a set of laws that govern the operation and management of condominiums in Virginia. The Act sets forth the rights and responsibilities of condominium associations and unit owners. It also establishes procedures for the resolution of disputes relating to condominiums.
Virginia Real Estate Transaction Recovery Act - Creates the Virginia Real Estate Transaction Recovery Fund, a state-managed pool of money to help consumers recover losses caused by the improper or dishonest conduct of licensed real estate brokers, salespersons, or firms.
Virginia Residential Landlord and Tenant Act (VRLTA) - Outlines the rights and responsibilities of landlords and tenants in Virginia, ensuring fair treatment and clear expectations in rental agreements.
Virginia Underground Utility Damage Prevention Act - Aims to prevent damage to underground utility lines during excavation activities by establishing guidelines for marking utility locations and responsibilities for excavators.
