VA HB621

Requires property developers (declarants) to disclose in sales contracts any unexpired rights they hold to control association business, including the right to appoint board members

Adds a new required item to resale certificates: a statement describing any unexpired declarant rights to control association business or appoint board directors

Reorganizes existing requirements for documents declarants must provide when transferring control to property owners' associations into lettered subsections (A through D)

Amends Virginia Code sections 55.1-1804 and 55.1-2310 under the Property Owners' Association Act to enhance disclosure requirements for homebuyers regarding developer control periods