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| If you are considering selling or purchasing a lot in a development which is subject to the provisions of the Virginia Property Owners' Association Act, you are entitled to request a Homeowner's disclosure packet to help support the transaction. The Disclosure Packet contains documents that deal with use of the common areas, financial obligations of lot owners' and other information concerning the rights, responsibilities and benefits resulting from the purchase of a lot in Lake Acres. These governing documents typically include a declaration, bylaws, articles of incorporation and rules and regulations. They play an important role in association living and should be reviewed carefully prior to any purchase.
If you are a member of the Lake Acres Homeowner's Association, or a licensed realtor representing a homeowner you can request a Disclosure Packet, which is required by law at any real estate closing involving a property in a registered association area. To request a packet, simply click on this link, fill out the request form and send it via fax, email, or hard copy to: Lake Acres Association, Inc. |
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