March 01, 2002

Transition of Control of the Community Association (2002, 16:03)

Transition of Control of the Community Association from the Unit Owners’ Perspective

Probate and Property, March/April 2002, Volume 16, Number 2

By Gary A. Poliakoff

The term "transition," as used in this article, is the process of transferring control of a statutorily mandated membership community association from the developer to the unit owners. The timing of transition can be contractual, with governing documents specifying a time.  

Premium Content For:
  • Real Property, Trust and Estate Law Section
Join - Now