Can a HOA exist when none of the Board members are Homeowners? Currently live in a planned community that the HOA compromises of all the developers. Based on the total land available, it has been under development for 20 years and could be for another 20 years.
Developers typically retain control of the HOA and its board for the period of declarant control. Declarant control ends once a certain percentage of the lots are sold to home buyers. You will find this percentage stipulated within the association’s governing documents, particularly its bylaws or declaration (CC&Rs). After this percentage is met, the developer usually has a set number of days to hold a transition meeting and turn over the community to the homeowners.
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