Homeowners Association

Many properties are located in areas that are subject to protective covenants. Protective covenants outline rules and restrictions for the neighborhood or development. The goal of the covenants is to protect the integrity of the neighborhood and to preserve property values.

Covenants are generally recorded at the county courthouse, and everyone who buys property in the neighborhood after the covenants are recorded is subject to the covenants. Developers or neighbors often form homeowners associations to further the goals set out in the covenants, to collect dues from the property owners, to maintain common areas, and to enforce rules and regulations.

At closing, unpaid association dues from previous years are the responsibility of the seller. Association dues for the current year are prorated between the buyer and seller. Future dues are the responsibility of the buyer, and future dues are not typically held by the lender in an escrow account.

Equity Title Company in Virginia Beach


Once we receive your online order, we start working immediately. Please fill in all of the required fields and note that any information submitted to Equity Title is subject to our privacy policy.


This handy calculator provides an estimate of what settlement charges one can expect during the process. It’s convenient to be able to have an understanding of what expenses are figured into the closing process, and this calculation will help!


Use this sheet to calculate an estimate of the charges that are likely to be incurred in the sale of a residential property. All figures are estimates and should not be construed as a commitment. Rates are subject to change.