Virginia law · Property Owners' Association Act

Va. Code § 55.1-1824

Assessments; late fees

Covered in 1 owner guide

What this section does for you

Governs assessments and the limited late fees that may be added, framing what the lien can validly secure.
Owner guide: Foreclosure & liens in Virginia

The statutory text

Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.

Except to the extent that the declaration or any rules or regulations promulgated pursuant to such declaration provide otherwise, the board may impose a late fee that does not exceed the penalty provided in § 58.1-3915 for any assessment or installment that is not paid within 60 days of the due date for payment of such assessment. 2013, c. 256 , § 55-513.3; 2014, c. 239 ; 2019, c. 712 .

Va. Code § 55.1-1824

What this section does for you

The statutory text

Official source

Got a notice citing this?

Your association