Angius & Terry LLP

Developer Transitions

Developer Transitions

There is a moment where the real estate developer transitions control of the homeowners association from themselves, to the home owners. The timing of the developer transition is controlled by legislation. It is imperative to bear in mind that the developer’s motivation is fundamentally different from the homeowners motivation for controlling the HOA. This transition is sometimes smooth and sometimes developer transitions are terribly complicated. Often times, developer transitions find their way into litigation.

The following are some of the required documents you should have to begin the HOA management: