How will the homeowner association be managed? Is it by the developer or the homeowners?
• Homeowner associations are usually organized by the developer initially but eventually, the management is transferred to the homeowners association who elect their own board. After all they are the ones who own the subdivision. But the developer will not transfer this responsibility to the association until such time that there are enough buyers to sustain and maintain the subdivision properly. The developer ensures a strong commitment to the satisfactory maintenance of Palmas Verdes; otherwise it will adversely reflect on them.
Related Questions
- Can officers of a developer collect association dues or fees from homeowners for the maintenance and security of a subdivision?
- How much will the homeowner’s association fee be? Are there any other fees relevant to homeowners?
- How will the homeowner association be managed? Is it by the developer or the homeowners?
