Condo Q&A

Developer wants to change the plan from what owners bought into

Written by CondoAssociation.com | Wed, Jul 17, 2019 @ 09:46 AM

Our developer went bankrupt and the bank sold the remaining 56 lot of the original 94 lots to a new developer.  The new developer wants to change the plan and build duplex units on lots originally planned as 4 unit town home units. This would increase our lawn, and plowing, and irrigation expenses and decrease the assessments that we receive. Can a builder legally make changes to the association agreements and unilaterally make these changes to his benefit and the detriment of the association. There is a conflict of interest in our view. When must a developer turn over the association to the home owners? Comments please. Thank you