source:
  type: guide
  id: va-m26-7-ch16-t17
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 16, Topic 17 — Provisions
    guaranteeing mortgagees (continued)
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 16, Topic 17 — Provisions
    guaranteeing mortgagees (continued).
  coverage_tier: operative
obligations:
- id: va-m26-7-ch16-t17-full
  canonical_id: va-m26-7-ch16-t17-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 16, Topic 17 — Provisions
    guaranteeing mortgagees (continued)
  type: do
  tags:
  - regulator-direct
  - va
  - va-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 16, Topic 17 — Provisions
      guaranteeing mortgagees (continued)
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: fa6bc474102677f3
    fetched_at: '2026-05-23T01:53:53Z'
    content_hash: sha256:94d5d69fd84d66a208d2f9f76ceac8b3879dde5fbf0e75e36e00ce879ee16f21
    paragraph_quote: '17. Provisions guaranteeing mortgagees (continued) g. Notice
      of any proposal to terminate the declaration or dissolve the association at
      least 30 days before any action is taken; h. Right of a majority of the eligible
      mortgagees to demand professional management; and i. Right of a majority of
      the eligible mortgagees to demand an audit of the association''s financial records.
      18. Contains provisions for party walls, if a townhouse planned community. The
      association documents or law of the jurisdiction must provide for the maintenance,
      repair and reconstruction of party walls and allocate the costs among the owners
      served by a party wall. 19. Contains provisions for expansion or annexation
      in a phased development. The declaration must, in addition to submitting at
      least 1 phase to the covenants and restrictions: (i) describe the additional
      land proposed to be submitted in the future in a sufficient manner to locate
      the property; (ii) grant the declarant the right to submit the described additional
      land; (iii) describe the method of submitting additional land; d describe the
      basis of voting rights and assessment obligations of units added in relation
      to the voting rights and assessment obligations of units already subject to
      the declaration or provide that such rights for future phases will be the same
      as for phases already submitted; and establish a reasonable time limit for submitting
      additional land. A reasonable time limit will depend on the size of the development,
      but generally annexation made within the later of 7 years after recordation
      of the Declaration or 5 years after the most recent recordation of an annexation
      document is considered reasonable. The additional land must be contiguous, adjacent
      or across a public right- of-way. If the additional land is not so located,
      there must be a clear statement of that fact and a discussion of the rationale
      for its potential inclusion. The declaration may reserve the right to the declarant
      to submit a limited amount of undescribed adjacent additional land, increasing
      the total size of the planned community by up to 10 percent both in land size
      and number of additional units, or such undescribed additional land may be added
      by the association with a majority vote of the members at a duly held meeting
      at which a quorum is present or the written consent of members entitled to cast
      a majority of the total number of votes, in both cases excluding the votes of
      the declarant during the declarant control period.'
  judgment: false
