Small, new community association, moving from builder to homeowner control - questions and advice.
Apologies from the start if this post goes beyond one point. For background: New development, last home sold sixty days ago, Declarant's management company involved.
I am one of three people who volunteered to be on the HOA board. I have made myself very familiar with the articles of incorporation and the bylaws in preparation for this appointment. I previously served in all board of directors positions in the former HOA I lived in, over the eighteen years we lived there. That previous HOA was self-managed and it was an established neighborhood, not a buildout.
I have done a lot of research about the transition, and how it's theoretically supposed to happen, by state law.......but I would like to hear from BOD members who have experienced it. What should I be on the lookout for during the transition?
My instinct is to ask for every document and then spend the time necessary to know everything that went on during the buildout before doing anything. My fear is that the declarant and management company will try and handle/manage us into moving as quickly as possible, and something will be missed that we will not be able to act on later.