When is developer required to give up control of HOA

Started by ThomasD11 • 2 replies • 608 views

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ThomasD11 (Louisiana)
Posts: 10

Posted:

I live in Louisiana. The Louisiana HOA statutes do not specify when the developer must give up control of the HOA. I understand there are some states, such as Florida, that specify that the developer must give up control when a certain percentage of lots are sold. Can anyone tell me which states have such laws, so I don't have to go through the statutes of each state one by one. Our development is completely built out. The developer no longer owns property but still refuses to give up control of the HOA. Obviously making money off of management fees from our dues. Thinking of petitioning our legislators to create such a law and would like some data.

GeorgeS21 (Florida)
Posts: 3,808

Posted:

Thomas,

Sounds like this is a LA issue ... how would the statutes of other states matter?

What do LA statutes or policies, etc say? This seems like answerable by a phone call to the state?

MelissaP1 (Alabama)
Posts: 13,836

Posted:

It may also be in your documents on when it's turned over. Maybe your CC&R's or Articles of Incorporation. Believe that was in our documents on when turnover could occur. Doesn't mean it necessarily does occur if the developer doesn't want it to.

Former HOA President

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