Transition to Homeowner Control: Avoiding Problems and Finding Solutions

  1. Generally. Before CCIOA, "transition" from declarant control to owner control was a haphazard, informal and an ongoing process. CCIOA requires the declarant to gradually turn over control of the association as Units are sold or time expires.

  2. Officers. At all times, the Executive Board elects the officers.

  3. Election of Initial Owner/Board Members. Under CCIOA, three special meetings are anticipated (required?) during the declarant control period. More meetings may be advisable and fewer may be possible, but fewer meetings are not recommended. Preparations and planning for these special meetings should begin before the first sale and then be implemented through the declarant and/or management of the association.

Read More