HOA FAQ

Please click here to see our list of Associations. For information about our Association management services and/or how to obtain a resale certificate /disclosure packet please see the information below.

Association Management Services:

What does the Association do?
The Association is a non-profit corporation managed by a Board of Directors elected by the owners. The Board is responsible for the management of the Association's funds, the enforcement of the deed restrictions, and the maintenance of common area property.

What does Brownstone Properties, Inc. do for Associations?
Brownstone Properties, Inc. is hired by and reports to the Board of Directors of the Association and assists them in the effective management of the Association. Brownstone acts as ‘Managing Agent” for Associations - We attend to the day-to-day operation of the Association and implement the policies and decisions as determined by the Board of Directors.

What is the managing agent's authority?
The managing agent’s authority is conferred by the Board of Directors in accordance with your association regulations. The managing agent implements Board directives, facilitates approved programs for the Association, and conducts a host of ministerial acts for the association as a licensed professional and fiduciary.

Condominium Resale Certificates and Property Owners Association Disclosure Packets Policy:

Effective July 1, 2007 the General Assembly passed changes to the way resale certificates and disclosure packages are requested and fees that are allowed.

1. The Association will pay a managing agent to prepare a resale certificate/disclosure packet upon request from the unit/lot owner or authorized agent and assess the fee to the requesting owner. The fee is not the responsibility of the purchaser.

2. The managing agent is allowed to collect a reasonable fee not to exceed $325 (the maximum allowable amount). Brownstone Properties, Inc. will collect $50.00 for preparing a resale certificate/disclosure packet. This amount is subject to change.

3. The Association or managing Agent must provide the resale certificate/disclosure packet to the seller/agent within 14 days of the request. An additional rush fee not to exceed $25.00 may be charged.

4. Items stated by the Real Estate Board pursuant to Section 54.1-2105.1 of the Code of Virginia will be included in each resale certificate/disclosure packet issued by Brownstone Properties, Inc.