Virginia Statutes
§ 55.1-1940.1 — Termination and duration of certain management contracts
Virginia § 55.1-1940.1
JurisdictionVirginia
Title 55.1Property and Conveyances
Subtitle IVCommon Interest Communities
Ch. 19Virginia Condominium Act
Art. 3Management of Condominium
This text of Virginia § 55.1-1940.1 (Termination and duration of certain management contracts) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 55.1-1940.1 (2026).
Text
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.
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Legislative History
2023, c. 109; 2025, c. 105.
Nearby Sections
15
§ 55.1-1000
Definitions§ 55.1-1001
Limitation on applicability of chapter§ 55.1-1003
Persons who may act as a settlement agent§ 55.1-1004
Duties of settlement agents§ 55.1-1006
Choice of settlement agent§ 55.1-1007
Disclosure§ 55.1-1008
Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts§ 55.1-1009
Falsifying settlement statements prohibited§ 55.1-1009.1
Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments§ 55.1-1011
Record retention requirementsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 55.1-1940.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/55.1/55.1-1940.1.