ASSOCIATION DISCLOSURE PACKET NOTICE
Note to prospective purchasers: The lot you are considering purchasing is in a development which is subject to the provisions of the Virginia Property Owners’ Association Act. Living in a community association carries with it certain rights, responsibilities and benefits.
Some of the benefits include the right to use common areas, which may include swimming pools, parks, playgrounds and other recreational facilities. In order to finance the operation of the community, each owner is responsible for and obligated to pay regular assessments, and if necessary, special assessments to ensure that the financial requirements are met. Failure to pay any of these assessments may result in a lien being placed on your property.
The use of common areas, financial obligations of the lot owners’ and other information concerning the rights, responsibilities and benefits resulting from the purchase of a lot in this common interest community are subject to the provisions of governing documents that typically include a declaration, bylaws, articles of incorporation, and rules and regulations. These documents play an important role in association living and should be reviewed carefully prior to your purchase.
Some decisions of your association will be made by the board of directors, while others will be made by a vote of all association members, made up of the other lot owners in your development. You will be bound by all decisions of the association and the board of directors. The documents cited above contain information concerning the selection of members of the board of directors, meetings, voting requirements, and other important information you should become familiar with.
REMEMBER: Failure to comply with the governing documents of your association can result in legal action being taken against you.
You may wish to become active in your association, either by running for the board of directors or by serving on a committee. Your involvement is important, as you will be bound by all decisions of the association and the board of directors.
The name of your association is: The Langley Oaks Homeowners Association
Assessments and/or Mandatory Fees you are responsible for:
- Annual Dues: $155 for 2023
- POA Packet Fee: $100
- Special Assessments: None
- Other entity or facility: None
- Other Fees: None
Failure to pay any of the above Assessments and/or Mandatory Fees will result in the following:
A warrant in debt, a memorandum of lien, and/or garnishment of account will be filed in the Fairfax County Court for collection purposes. In one extreme instance, the Court sent the County Sheriff to seize the vehicle of a particularly delinquent homeowner.
All Documents and information contained in this disclosure packet play an important role in living within a common-interest community and should be reviewed carefully prior to your purchase of the property. A list of these documents is printed below.
This form was developed by the Real Estate Board in accordance with § 54.1-2105.1 of the Code of Virginia and is to accompany the association disclosure packet required by § 55-512 of the Code of Virginia. VREB 7/1/00
Disclosure packet contains the following:
- the name of your association, and, if incorporated, the state of incorporation, name and address of the registered agent;
- a statement of any approved expenditures that shall require an additional assessment during the current year or the immediate succeeding fiscal year;
- a statement of all assessments and other mandatory fees currently imposed by the association;
- a statement whether there is any other entity or facility to which the lot owner may be liable for fees or charges;
- a statement of the status and amount of any reserve or replacement fund and any portion of the fund allocated by the board for a specified project;
- a copy of the association’s current budget (or a summary thereof) and a copy of its statement of income and expenses or financial condition for the last fiscal year available;
- a statement of the nature and status of any pending suit or unpaid judgment to which the association is a party which either could or would have a material impact on the association or which relates to the lot being purchased;
- a statement setting forth what insurance coverage is provided for all lot owners by the association, including any fidelity bond maintained by the association, and what additional insurance would normally be secured by each individual lot owner:
- a statement that any improvement or alteration made to the lot, or uses made of the lot or common area assigned thereto by the prior lot owner, are not in violation of any of the instruments referred to in this disclosure notice;
- a statement setting forth any restriction, limitation, or prohibition on the right of a lot owner to place a sign on the owner’s lot advertising the lot for sale;
- a statement setting forth any restriction, limitation, or prohibition on the right of the lot owner to display any flag on the owner’s lot, including, but not limited to reasonable restrictions as to the size, place and manner of placement or display or such flag and the installation of any flagpole or similar structure necessary to display such flag;
- a copy of the current declaration, the association’s articles of incorporation and bylaws, and any rules and regulations or architectural guidelines adopted by the association; and
- certification, if applicable, that the association has filed with the Real Estate Board the annual report required by §55-516.1 of the Code of Virginia; which certification shall indicate the filing number assigned by the Real Estate Board and the expiration date of such filing.