When is a “Contract” not a Contract?
We know that in Virginia, the parties to a contract are bound to the terms of that contract. We also know that Virginia courts look to the terms of that contract to determine each party’s rights and obligations. But what is a “contract?” This blog post looks at a recent Virginia Supreme Court case that gives a little guidance to answer that question.
Limited Liability Companies: What happens to an LLC when a Member dies?
This case has been overturned by statute. Check out this blog post for the details.
We have written about the importance of operating agreements to help succession planning for your limited liability company (“LLC”). Operating agreements can help the company with procedures to remove a member, or with procedures to permit a member to leave the LLC on his own accord. This blog post reviews a recent Virginia Supreme Court case that shows the importance, and limitations of your LLC operating agreement to set forth succession planning of a member’s interest when that member dies.

LLC Agreements
Continue reading “Limited Liability Companies: What happens to an LLC when a Member dies?”
There still are no winners in Virginia’s Chinese Drywall Cases
Recent news articles reported that a Norfolk Circuit Court awarded default judgment to several homeowners against Taishan Gypsum Company, a Chinese drywall manufacturer. However, as with the other outcomes in Virginia, it is unlikely that homeowners or building supply companies will receive any benefits from this decision.

When the corrosive drywall issues first became public, concerns were raised about two possible issues: a) health effects; and b) property damage. To date, both the Centers for Disease Control and the Consumer Product Safety Commission (“CPSC”) have found that “not enough information exists to determine the nature and magnitude of a potential health risk.” Furthermore, no deaths can be attributed to exposure to imported corrosive drywall. That is good news. Continue reading “There still are no winners in Virginia’s Chinese Drywall Cases”
Transfer fees paid to homeowners’ associations are safe!
The Federal Housing Finance Agency (“FHFA”) has changed its proposed rule. As you will recall, FHFA had proposed a rather sweeping rule which called into question the ability of common interest communities to collect transfer fees, capital contributions or similar one-time assessments when a property is transferred. CAI weighed in heavily on this subject matter, pointing out the negative effects of such a rule. The result is that FHFA has revised the proposed rule.
The FHFA press release stated that:
FHFA has determined to propose a rule with a narrower focus. . . . In summary, the principal differences between the proposed guidance and the proposed rule are:
1. FHFA proposes to except from the rule private transfer fees that are paid to homeowners’ associations and similar associations, and to tax-exempt non- profit organizations, where the fees are used for the direct benefit of the encumbered properties.
2. FHFA proposes to make the rule prospective in effect, so that it applies to private transfer fee covenants created after the publication date of this proposed rule.
3. FHFA allows an implementation period of 120 days for the regulated entities.
The public participation was crucial to getting the FHFA to change its proposed rule. More than 4,210 comment letters were sent to the FHFA. This included comments from CAI and numerous homeowners, cooperative, and condominium associations; individuals living within such associations; community associations; and other nonprofit organizations.
Tarley Robinson, PLC, Attorneys and Counsellors at Law
Williamsburg, Virginia
2-Minute Drill Weekly Tweets for 2012-02-24
- Blog Post: Limited Liability Companies: What happens to an LLC when a Member dies? http://t.co/gHjc64CO #in #
- Blog post: What your HOA can/must do to help handicap resident http://t.co/Zx65NQ6r RT @canetwork #
- Blog Post: HOAs and Management Companies – Does your contract say what you think it says? http://t.co/Jq7ZmFnM #in #
- Blog post: Legal Conflict of Interest: It’s a bad idea for lawyer to represent both sides. http://t.co/EALH5rPv RT @sandsanderson #LoseLose #
- Ban on kids playing football = housing discrimination lawsuit against condo association http://t.co/OgNoHjkK Thanks for RT @CardinalOnline #
- Blog Post: Help your Community Association Board understand its financial statements. http://t.co/ArFKyRWI RT @HOAServicesATL #
- Blog Post: When is a “contract” not a contract? http://t.co/koae4Cqo Thanks for the RT @LeeBerlik @matthewdevries #
- Blog Post: HOA Boards – encourage your community to participate in your decision making process. http://t.co/bGltsgCX RT @myhoacommunity #
- Blog Post: Can an engineering firm limit its liability by contract? http://t.co/BP86k5nz #in # Continue reading “2-Minute Drill Weekly Tweets for 2012-02-24”
2-Minute Drill Weekly Tweets for 2012-02-17
- Blog Post: HOA asks: 1) Do we have to fund a reserve account? and 2) If so, how do we fund a reserve account? http://t.co/DHccn670 #HOA #
- ADA, FHA, and HOAs And Service Animals: FL Condo Sued for housing discrimination – Trial scheduled for July 2012 http://t.co/RULSU16W #in #
- Danville, #VA #Condo could face demolition – Board and owners failed to pay water bill problems ensued. http://t.co/EveCw2Ip RT @canetwork #
- Blog Post: Limited Liability Companies: What happens to an LLC when a Member dies? http://t.co/gHjc64CO #in #VirginiaLaw #
- Check out Karin Hobbs’ helpful and informative mediation blog: http://t.co/4xGNrbHv #HOALaw #CondoLaw #Mediation #
- WordPerfect is our go-to app but use Word for the masses. WP lets me write Word wants to do it for me http://t.co/lCX9YVt7 #
- Blog Post: What are your Fiduciary Duties when serving on the Board of Directors of your HOA? http://t.co/04CFnbGo #HOA #Condo #
- Blog Post: What is your potential liability when serving on your HOA’s Board of Directors? http://t.co/n413NXav #HOALaw #CondoLaw #
- Blog Post: HOA asks: 1) Do we have to fund a reserve account? and 2) If so, how do we fund a reserve account? http://t.co/4Wr5MNqg #HOA # Continue reading “2-Minute Drill Weekly Tweets for 2012-02-17”




