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Transition is a term that has evolved in recent years to describe the general process by which the control and responsibilities of the governing board of a community association are transferred from the developer to the persons who bought homes in the...
As of 2007, there are almost 300,000 community associations—condominium associations, cooperatives, and homeowners associations—in the United States, representing more than 20 million homes and almost 65 million people. Currently, the average U.S....
A community association board has many responsibilities—setting goals and approving budgets; conducting open, fair, and well-publicized elections; organizing events that foster neighborliness and a sense of community, to name a few. But a board’s...