Virginia Real Estate License Law 2025 – 400 Free Practice Questions to Pass the Exam

A description of assessments is typically found in the declaration. The declaration is a legal document that outlines the terms and conditions governing a property development, particularly in condominiums or planned communities. It provides essential details about the overall governance of the community, including the financial obligations of the property owners, such as assessments for maintenance, amenities, and other common expenses. By referring to the declaration, one can understand how assessments are calculated, what they are used for, and the responsibilities of the property owners regarding payments.

The other options do not serve this purpose. The property writ may refer to legal processes but does not provide detailed descriptions about assessments. Rules for appointments are usually related to governance and decision-making within a community, rather than financial details. The policy and procedures manual outlines operational protocols and functions but is unlikely to contain the specific information about assessments that is detailed in the declaration. Thus, the declaration remains the authoritative source for understanding assessments related to property management.