Transition of Control of the Community Association from the Unit Owners' Perspective
Gary A. Poliakoff
PROBATE& PROPERTY MARCH/APRIL 2002 49 The term “transition,” as used in this article, is the process of transferring control of a statutoriil mandated membership communiit association from the developer to the unit owners. The timing of transitiio can be contractual, with governiin documents specifying a time. It can also be statutorily mandated. Nevada, for example, mandates that the period of developer control terminaat no later than the earlier of 60 days after conveyance of 75% of the units...