Very Small Massachusetts HOA Only 3 Units/How do I resign?

Started by JulieM4 • 4 replies • 2227 views

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JulieM4 (Massachusetts)
Posts: 2

Posted:

This property is in Massachusetts. I'm the 'head' of our HOA based soley on the fact that I was the owner of a 3 apartment building. I condo'd it and have one unit sold and the other two under agreement.
I've opened a checking account for the HOA. I acquired a Tax ID number for use on the checking account.
Closing will occur in late Oct. and early Nov for the remaing two units. I have already relocated to FLA. I'd like to pass off the HOA responsibilities to the FIRST buyer and only current resident in the building. Can I do that? How do I do that?

GlenL (Ohio)
Posts: 5,491

Posted:

Pay an attorney to do it. This way you can be sure (hopefully) that all of the T's are crossed and the i's dotted.

Studies show that 5 out of 4 people have problems with fractions

JulieM4 (Massachusetts)
Posts: 2

Posted:

Thanks Glent. I've emailed my RE atty. in Mass. to get the ball rolling. Common sense advice on your part.

JonD1
Posts: 2,350

Posted:

I would suggest you determine whether your attorney has knowledge of this area of law before you ask them to proceed.

You will need someone well veresed in the Mass. state law in regards to HOAs and condos. That's a whole new area which many lawyers have no expierence in.

IMO someone in a general law practice would NOT be my first choice.

Someone with a specialty is condo/HOA law.

SteveM9 (Massachusetts)
Posts: 3,699

Posted:

You don't need a "specialist" this is pretty simple legal paperwork.

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