Two more of VAR’s initiatives in the 2016 General Assembly session were a bill requiring home inspectors to be licensed (House Bill 577) and an omnibus bill to update the Condominium Act and Property Owners’ Association Act (House Bill 741 & Senate Bill 453).
The home inspector law requires all home inspectors to be licensed, effective July 1, 2017. The delayed implementation date is to allow DPOR to create new regulations that will allow certified home inspectors to transition to licensed home inspectors and set out the requirements for new home inspectors to get licensed. Home inspectors fall under the Asbestos, Lead, and Home Inspector Board at DPOR.
The Condo/POA Act bill sought to correct issues that have come up recently and to conform the two Acts. Changes included:
- Prohibiting associations from:
- Conditioning or prohibiting rentals;
- Charging any annual or monthly fee for rental units, except as expressly authorized by law;
- Requiring owners to use an association lease or addendum;
- Charging any deposit;
- Having the ability to evict a tenant or require an owner to execute a power of attorney;
- Require a copy of the lease – the association is allowed to require the names and contact information for tenants, authorized occupants and authorized (managing) agents.
- Conforming the two laws with how delivery of the association documents are handled in resale situation.
- Extends the number of days for the payment of fees for association documents being charged at settlement from 45 days to 60 days to handle concerns over delayed settlements after the implementation of TRID.
For more information on the 2016 New Laws, check out the July Commonwealth magazine article. To learn more, including seeing the actual legislation, visit http://www.virginiarealtorschoose.com/bills/