§ 55.1-1940.1 Termination and duration of certain management contracts
A management contract that contains an automatic renewal provision may be terminated by the unit owners’ association or the common interest community manager at any time without cause and without penalty upon not less than 60 days’ written notice.
History
This law was first created in 2023. The record of its establishment is cataloged in chapter 109 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2025, chapter 105.
2023, c. 109; 2025, c. 105.