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Hi - after 20+ years the developer wants to form the HOA. What to talk through timing, etc. I’m a homeowner
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Forming an HOA requires the assistance of legal counsel. You will want the homeowners not the developer to draft the HOA Agreement.
After 20 years the homeowners will want controling input on the rules under which they live.
Also, after 20 years, to form the HOA will require close to unanimous consent from the fellow owners as the statute of limitations may apply.
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Answered on Jan 09th, 2023 at 7:38 AM