Chesapeake, VA HOA Rules: Assessment & Dues (2026)

1, the Property Owners' Association Act, which binds every association recorded in the city. Sec. 1-1824 lets the board impose a late fee once an assessment or installment sits unpaid for 60 days, but caps that fee at the penalty rate set by Sec. 1-3915, the state's real-estate tax delinquency penalty, unless the recorded declaration or duly adopted rules say otherwise. Sec. 1-1825 separates ordinary assessments from additional ones: the board may levy an added assessment beyond what the declaration already authorizes only if it finds the levy is in the association's best interests and the proceeds go mainly to maintaining, repairing or replacing common-area capital components.

A member who does not pay that additional assessment faces the same lien remedy available under Sec. 1-1833 for any unpaid assessment, and subsection (C) lets the board deny the nonpaying member access to common areas, short of blocking direct access to the member's own lot. Sec. 1-1826 layers on budget transparency: before each fiscal year starts, the board must give lot owners either the full annual budget or a summary of it, must commission a reserve study at least once every five years covering the capital components defined in Sec.

1-1800, and must review that study annually and adjust the budget or assessment as needed to keep reserves adequate. Boards retain discretion under subsection (D) to fund repairs through reserves, additional assessments or borrowed money.