Va. Code 55.1-1824

Assessments; late fees

Official text ↗ Checked against the official source on 1 November 2026

At a glance

Late fee cap: No more than penalty in section 58.1-3915

“the board may impose a late fee that does not exceed the penalty provided in 58.1-3915”
Late fee trigger: Within 60 days of due date

“for any assessment or installment that is not paid within 60 days of the due date for payment of such assessment.”
Declaration override: Declaration or rules may provide otherwise

“Except to the extent that the declaration or any rules or regulations promulgated pursuant to such declaration provide otherwise,”

Each fact is shown with the exact words of the statute it comes from. Your association's governing documents may also apply.

Official text

Copy retrieved from law.lis.virginia.gov. Always rely on the official source for the current version.

Show the full text of Va. Code 55.1-1824

55.1-1824. Assessments; late fees. Except to the extent that the declaration or any rules or regulations promulgated pursuant to such declaration provide otherwise, the board may impose a late fee that does not exceed the penalty provided in 58.1-3915 for any assessment or installment that is not paid within 60 days of the due date for payment of such assessment. 2013, c. 256, 55-513.3; 2014, c. 239; 2019, c. 712.

The same topic in other jurisdictions

British Columbia · Strata Property Act, s. 108 Special levy Illinois · 765 Ill. Comp. Stat. 605/9 Sharing of expenses - Lien for nonpayment Maryland · Md. Code, Real Prop. 11B-112.1 Late charge on delinquent assessments Maryland · Md. Code, Real Prop. 11B-117 Lot owner liability for assessments and charges Ontario · Condominium Act, 1998, s. 84 Contribution of owners Oregon · Or. Rev. Stat. 94.645 Adoption of annual budget Oregon · Or. Rev. Stat. 94.704 Assessment and payment of common expenses Pennsylvania · 68 Pa.C.S. 5314 Assessments for common expenses Texas · Tex. Prop. Code 209.0062 Alternative payment schedule for certain assessmen... Virginia · Va. Code 55.1-1826 Annual budget; reserve study; reserves for capital... Washington · Wash. Rev. Code 64.90.525 Budgets; assessments; special assessments Compare assessments & dues laws side by side →

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