VA HB1548 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2020 - 25% progression
Action: 2020-01-15 - Assigned GL sub: Housing/Consumer Protection
Pending: House General Laws: Housing/Consumer Protection Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Common interest communities; Virginia Condominium Act; termination of condominium; respective interests of unit owners. Changes the respective interests of condominium unit owners upon the termination of a condominium from the fair market value of each owner's unit to the respective share of the proceeds of sale paid to each unit owner, which shall equal the percentage of the common element interests of each unit owner.

Tracking Information

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Title

Common interest communities; termination of condominium, respective interests of unit owners.

Sponsors


History

DateChamberAction
2020-01-15HouseAssigned GL sub: Housing/Consumer Protection
2020-01-10HouseReferred to Committee on General Laws
2020-01-10HousePresented and ordered printed 20104355D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
5511937(n/a)See Bill Text

Virginia State Sources


Bill Comments

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