Condo Association Management Blog

Developer not turning condo association over to members

Posted on Fri, May 28, 2010 @ 07:26 AM

Our condo association declaration states that 3 years after the first property is sold or 75% of the total property is sold, the land company (developer) is to turn the condo association over to the owners. We are in our 4th year, and the original land company has been sold. The 2nd company has since relinquished 7 remaining properties back over to the bank. The person left in charge is also an owner of a piece of property here but is dragging his feet turning the association over to us. My question is what remedies are there to expedite the transition to us as owners? BZEYV63N6ATP

Tags: Developer Transitions