HOAs may levy assessments per the recorded declaration under VA Code §55.1-1823. Liens attach automatically for unpaid assessments and may be foreclosed non-judicially after 90 days. Late fees capped at the greater of 50 dollars or 5 percent of the unpaid amount per month.
Associations must issue a disclosure packet (VA §55.1-1809) on resale showing current assessments, arrears, and reserve status. Packet fee capped by regulation (currently 317 dollars plus delivery). Foreclosure of assessment lien requires 60 days notice and satisfies VA §55.1-1833 procedures. Contact Richmond at (804) 646-5700 for enforcement.
Contact your local code enforcement office for specific penalty information.
See how Richmond's assessment & dues rules stack up against other locations.
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