The Virginia Department of Professional and Occupational Regulations’ (DPOR) Announces New Fees Effective Jan. 12, 2023 for Resale Disclosure Packages.
The Virginia Department of Professional and Occupational Regulations’ (DPOR) Common Interest Community Board recently updated the maximum allowable preparation fees for property owners’ associations (POAs) and condominium unit owners’ associations.
Virginia law requires owners selling a home in a POA or a condominium to provide a purchaser with certain information in a disclosure packet. These packets incur reasonable fees to compile, and the Commonwealth sets a maximum amount for such fees.
The respective updates on these fees can be found here:
- Property Owners’ Associations Disclosure Packet Fee Updates
- Condominium Unit Owners’ Associations Disclosure Packet Fee Updates
Learn more about DPOR’s Common Interest Community Board here: https://www.dpor.virginia.gov/Boards/CIC-Board
Learn more about CAI’s Virginia Legislative Action Committee and efforts here: https://www.caionline.org/Advocacy/LAC/VA/Pages/default.aspx