Property Q&A in Richmond>Question Details

Jake, Home Buyer in Richmond, VA

Hi. Does this community require a homeowner's association? Can anyone send me the link to their CC&Rs? Thanks!

Asked by Jake, Richmond, VA Mon May 11, 2009

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This question is about this property: http://www.trulia.com/property/1075988327-2005-Raintree-Dr-R…

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Hello, Jake,

This property is located in the Raintree community, in the west end of Richmond. It does have a homeowners association, however, the association fee appears to be around $105/year, which will give you some common area maintenance, and water access. There may be an additional association fee for the Raintree master community, but I am not sure just what that fee may be.

If you are purchasing a home that has an association, the property will most likely be governed by the Property Owners Association Act, which requires that the seller provide to you a complete disclosure package within so many days after a contract has been fully ratified. This disclosure package will include the covenants & restrictions, rules & regulations as well as the current budget, and any association violations of the property. You would then have 3 days to review this package. However, if there is a particular item that you want to make sure you can or can't do in a community with an association, it would be best to make your agent aware of this so that you can research it prior to writing any contract.

If you do have any questions, please don't hesitate to call or email me, and I would be happy to help you with this or any other property. Good luck to you!
0 votes Thank Flag Link Mon May 11, 2009
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