What Condominium Owners Should Know About Developer Turnover of the Association: Part I

During the construction and initial sales of units within a condominium association, the developer will manage the association’s operations and governance. This means the developer controls the association’s board of directors. Once the development is constructed and a certain percentage of the units are sold, then turnover of control of the association to the unit owners must occur. What follows is an overview of what every condominium owner should know about developer turnover of the association.    Read the article…………

Editor

Recent Posts

Can a HOA really tell you what to do about your grill smoke?

Summer is nearly here and that means that it's the perfect time to get grilling. …

5 mins ago

1 injured, up to 75 displaced after Stratford fire at Main St. condo building (CT)

One person was injured and up to 75 were displaced Saturday after a fire broke…

6 mins ago

Condo community installs gates at trash enclosures (NV)

Q: I live in a small condominium community of 84 units. We have three trash…

6 hours ago

Not Crazy: Insurance Premiums

Before we look at the data, I can speak about my local experience in Southwest…

9 hours ago

Residents of a Kaua?i condo are unsure about relocation plans following DHHL purchase (HI)

Condominium residents of the Courtyards at Waipouli Apartments on Kaua?i are concerned that they will…

10 hours ago

HOA Homefront: Did they change our rules properly? (CA)

Kelly,  If the board decides to change any rules shouldn’t those rule changes be placed…

10 hours ago