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  • Developer Turnover Checklist

Get Developer Turnover Checklist

Developer Turnover Checklist The turnover meeting, where control of the Home Owners association is transferred from the developer to a homeownercontrolled board of directors, is a critical event.

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How to fill out the Developer Turnover Checklist online

Filling out the Developer Turnover Checklist is an essential step in transferring control of a homeowners association from a developer to a homeowner-controlled board. This guide provides a clear, step-by-step approach for completing the checklist online to ensure a smooth turnover process.

Follow the steps to complete your checklist efficiently.

  1. Press the ‘Get Form’ button to access the Developer Turnover Checklist and open it in your online editing platform.
  2. Begin by entering the basic information in the designated fields. This typically includes the name of the homeowners association, the address, and the date of the turnover meeting.
  3. Next, fill in the section indicating the number of units or percentage of units conveyed by the developer, as this will determine the timing of the turnover meeting.
  4. Complete the Turnover Information & Record Checklist by ensuring that all required documents are listed, such as the governing documents, financial reports, and minutes from previous meetings.
  5. If applicable, list any additional documents that need to be delivered during the turnover meeting, which may include architectural plans, insurance policies, or contractor lists.
  6. Review your entries for accuracy and completeness to prevent any delays during the turnover process.
  7. Once all sections are completed and verified, you can save your changes, download, print, or share the filled form as needed.

Complete your Developer Turnover Checklist online today to ensure a successful transition for your community association.

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Under the HOA Act, the requirement to conduct a turnover election is generally triggered 3 months after 90% of the parcels have been conveyed, or earlier if an earlier date or event is provided in the governing documents.

Turnover of a condo refers to handing over the physical possession of the unit to its owner. If you are looking at luxury condominiums for sale, it helps to know about the turnover process. Approving a turnover indicates that you feel the unit is in excellent condition and everything is in order.

What is developer turnover? Turnover is simply the process in which control of the community association shifts from the developer to the homeowners. Some owners mistakenly believe that “turnover” is a date where the developer leaves forever, writes a check, and agrees to fix every problem.

Turnover is simply defined as “the transfer of association control from developers to non-developer owners.

After the turnover process, you'll formally gain possession of the physical unit of your condo unit. But first, you must execute several action items for your developer to begin the turnover process formally. These requirements are specified by the developer in the contract signed during the initial stages of the sale.

Documenting how you collect and report data, and the related policies and procedures for doing so, can reduce risk of knowledge loss caused by turnover and build capacity among your staff.

Summary. The turn-over meeting is when the developer or landowner turns the building over to a new owner-elected board. The meeting takes place 42 days after the majority of the units are no longer owned by developers.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232