Virginia HB1196 amends the Property Owners' Association Act to address condemnation of common areas.
Virginia HB1196 amends the Property Owners' Association Act to specify that when common areas are condemned, the value should consider the area's highest and best use, disregarding the restriction to sole use as a common area. The physical characteristics of the common area at the time of acquisition must also be considered. Members of the association are barred from contesting the association's actions in related proceedings.
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