Virginia Amendment to Unit Agreement

State:
Multi-State
Control #:
US-OG-733
Format:
Word; 
Rich Text
Instant download

Description

The form is used when the Owners, by unanimous consent, desire to amend a Unit Agreement. It may be executed in multiple counterparts, which, when taken together, shall be deemed one and the same instrument.

How to fill out Amendment To Unit Agreement?

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FAQ

Virginia Law If a majority of those voting vote in favor of any amendment, it shall become part of the Constitution on the date prescribed by the General Assembly in submitting the amendment to the voters.

Section 55-79.71 of the Virginia Condominium Act requires ?two-thirds of the votes in the unit owner's association? to amend the Declaration, unless the Declaration requires a larger percentage.

Under Virginia law a purchaser of a condominium unit is afforded a 5-day period during which the purchaser may cancel the purchase contract of sale and obtain a full refund of any sums deposited in connection with the purchase contract.

The VA Condominium Act sets forth the requirements for creating a condominium, including the minimum number of units, the percentage of units that must be owner-occupied, and the minimum amount of common area. The Act also sets forth the rights and responsibilities of condominium associations and unit owners.

If any person does not have the capability or desire to conduct business using electronic means, the unit owners' association shall make available a reasonable alternative, at its expense, for such person to conduct business with the unit owners' association without use of such electronic means.

The unit owners' association shall have the power, to the extent the condominium instruments or the condominium's rules and regulations expressly provide, to (i) suspend a unit owner's right to use facilities or services, including utility services, provided directly through the unit owners' association for nonpayment ...

Termination of condominium. A. If there is no unit owner other than the declarant, the declarant may unilaterally terminate the condominium.

Any amendment or amendments to this Constitution may be proposed in the Senate or House of Delegates, and if the same shall be agreed to by a majority of the members elected to each of the two houses, such proposed amendment or amendments shall be entered on their journals, the name of each member and how he voted to ...

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Virginia Amendment to Unit Agreement