Period of Declarant Control in Alabama

Question:

Residents of a new development are asking about developers responsibility in turning over the HOA to the property owners in the state of Alabama. Is there a standard or a requirement govern by state law. Ie: 2/3 sold , 3/4 sold etc

– John

 

Answer:

Hi John,

If your development is a condominium, then the period of declarant control terminates 60 days after the conveyance of 75% of the units. It is also wise to check your governing documents to know when the developers should turn over the HOA to the homeowners, both for condos and homeowners associations.

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

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