28. Disclosure from developers, real estate agents and others is a big concern of mine; I’m seriously considering purchasing a home in an association somewhere in the countryside of West Virginia – what disclosure rules/laws should I be aware of?

Chapter 36B has an entire section (Article) with detailed lists of items and documents that must be disclosed to purchasers. Unfortunately, many believe that section does not apply to limited expense liability communities. See Chapter 36B, Article 4; and 36B-1-203.

SELECT from the following:

ARTICLE 4. PROTECTION OF PURCHASERS 

 

  • §36B-1-203 . Applicability to new common interest communities. — Exception for small and limited expense liability planned communities.