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VIRGINIA REALTORS REQUEST FOR PROPERTY OWNERS ASSOCIATION DISCLOSURE PACKET To: (the Association) (Property Owners Association) Re: (the Property) (Legal Description of Property) Date: Pursuant to

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How to fill out contents of association disclosure

01

Start by gathering all the necessary information about the association that needs to be disclosed.

02

Begin filling out the association disclosure form by providing general information about the association, such as its name, address, and contact details.

03

Specify the purpose and objectives of the association, outlining its main activities and responsibilities.

04

Include information about the association's management structure, including details about the board of directors or executive committee.

05

Provide a detailed overview of the association's financial aspects, including its sources of funding, budget, and any major financial transactions.

06

Disclose any potential conflicts of interest that may exist within the association, including any relationships or financial interests that could impact decision-making.

07

Outline any legal or regulatory obligations that the association must adhere to, including any licenses or permits required to operate legally.

08

Include any additional information that may be relevant to understanding the association's operations and governance structure.

09

Review the completed contents of the association disclosure form for accuracy and completeness before submitting it as required.

Who needs contents of association disclosure?

01

Any organization or individual that is required by law or regulation to disclose information about their association needs the contents of association disclosure.

02

This typically includes nonprofit organizations, trade associations, professional societies, and any other entities that operate as associations.

03

Additionally, individuals who are involved in the management or governance of an association may also need access to the contents of association disclosure for reference and compliance purposes.

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