Last week we showed how it’s better to be the developer in an HOA instead of an owner. Developers can maintain control over a community forever in some instances and don’t even have to provide warranties for anything they build. Nice. We told you it gets worse and here’s why….. Under Florida law, a developer…
Day: October 19, 2019
IT'S BETTER TO BE THE DEVELOPER IN AN HOA-part 1
When it comes to Florida Statute 720, there’s no question that you would rather be the developer than the homeowner. At least The Florida Condominium Act has a drop-dead seven year deadline where the developer must turn over majority control of the Board of Directors to the unit owners. If you’re an HOA however, here…