True or False: A declarant can appoint and remove directors of a single-phase condominium until 80% of the units are sold.

The correct response is that a declarant cannot technically maintain the power to appoint and remove directors of a single-phase condominium indefinitely until a certain percentage of the units are sold. Under Georgia law, once 80% of the units are sold, the declarant's authority to appoint and remove directors typically ceases. This is meant to ensure that the unit owners gain control of the condominium association and can manage their own interests in the community. This transition is a crucial aspect in the governance and self-determination of homeowners in a condominium community, aimed at promoting fair representation once the community is populated by actual residents rather than developers.

The other options do not accurately reflect the legal framework governing declarants’ powers in community associations. For example, the idea that a declarant could appoint and remove directors only if they hold all shares does not align with the stipulations of unit sales affecting their authority. Similarly, the notion of having this power for just a year does not take into account the percentage of units sold, which is a more definitive measure of when that power lapses. Thus, understanding the legal boundaries of a declarant's authority helps clarify the roles of governance within condominium communities.