Common Community Property Guides

The Guides
There are four resource guides available. You may view the guides in either pdf or microsoft word format. Click on the guide you would like to view.
•	A Guide to Statutory Rights & Responsibilities of Members of the Board of Directors for Virginia Common Interest Communities
•	*A Guide to Rights & Responsibilities of Owners of Common Interest Community Property*
•	*A Guide to Financial Reporting Responsibilities of Common Interest Community Associations*
•	A Guide to Conflict Resolution for Virginia's Common Interest Communities

Purpose of the Resource Guides

More and more citizens in Virginia are choosing to own condominiums, time-share properties, or other properties that have a property owners association. Citizens may own such property as a place to live, vacation, or as rental property. These types of properties are refereed to as common-interest communities and impose certain rights and responsibilities on owners, which are not common in other types of property ownership.

Owners and potential owners need to be aware of the additional rights and responsibilities for such common-interest communities. These rights and responsibilities are set out in various state code sections and regulations which can be found on the web at http://www.state.va.us/dpor. In addition to the current statutes and regulations, four resource guides have been produced to provide practical, easy to use, information on specific topics that address the most common types of questions related to common-interest communities.

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CAVEAT:
The guides are presented with the understanding that the authors' and the Radford University do not render any legal, accounting or other professional service by providing these guides. While every effort has been made to ensure that the material is current as of July 1, 2005, because of the rapidly changing nature of the law, information contained in these publications may become outdated. In no event will the authors' or Radford University be liable for any direct, indirect, or consequential damages resulting from the use of this material. For specific legal or accounting advice, the services of a licensed professional should be obtained.

The resource guides are made possible by a grant from the Common Interest Community Management Information Fund of the Department of Professional and Occupational Regulation and the Virginia Real Estate Board. The guides are to promote the improvement and more efficient operation of common interest communities.