Transition From Builder/Developer To Association Members
Every common interest community association goes through the process of “transition” from its builder/developer to the association members in the various stages of its development. This process includes the turning over of certain real property, personal property, and documentation, as well as the transfer of power and authority for the governance of the Association by way of electing homeowners to fill the seats on its Board of Directors previously held by the developer’s representatives. This is an extremely important process in the life of a common interest community association, and is informed by various statutory laws, common law, and state and local regulations and ordinances. The lawyers of Shivers, Gosnay & Greatrex, LLC have the knowledge and experience to guide their Association clients through this process, ensuring the rights and privileges of the Association and their members are preserved and protected.