What is the policy regarding developer turnover in a Homeowners Association (HOA)?

The process of developer turnover in a Homeowners Association (HOA) is indeed often defined by the governing documents of the association, which may include the bylaws and declaration. This means that the specifics regarding when turnover occurs can vary significantly from one HOA to another, based on what is outlined in these governing documents.

Typically, the declaration may stipulate conditions such as the number of homes that must be sold, a timeline, or specific events that trigger turnover. As a result, the turnover policy is not universal and varies depending on each association's rules and regulations laid out in their governing documents. This flexibility allows associations to address the unique circumstances of their development and operational needs.

Understanding that there is no one-size-fits-all timeline for turnover emphasizes the importance of reviewing the specific bylaws and governing documents when assessing developer turnover within a particular HOA.