SeanB10 (Virginia)
Posts: 2
Posts: 2
Posted:
Hello, We have a small Land owners Association in Virginia. We are a registered corporation in good standing with the SCC. The Deed of Dedication was written in the late 70s and is divided into two sections. Section A is the RESTRICTIVE COVENANTS which basically talks about what we can and cannot do with our land. Section B is the LOT OWNERS ASSOCIATION. At the end of Section A RESTRICTIVE COVENANTS there is a paragraph explaining that the covenants and restrictions shall run with the land and be binding until December 31, 1999, and thereafter for two successive periods of ten years. This is before Section B LOT OWNERS ASSOCIATION. My question is does the expiration of "covenants and restrictions" also mean that the lot owners association is expired? Do we still have right collect dues for the sake of maintaining our road? The road is our only common interest.
Thank you
Thank you