JeffW6 (Florida)
Posts: 65
Posts: 65
Posted:
Does the builder lots votes stay with the Developer or do they go into the class with the homeowner?
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Builder lots?
Started by JeffW6 • 2 replies • 519 views
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JohnC46 (South Carolina)
Posts: 14,265
Posts: 14,265
Posted:
Jeff
Hard to say but typically when a turnover takes place the developer loses their majority voting (say 50 votes per lot) but as a lot owner, they would have one vote per lot they own as does any owner
Hard to say but typically when a turnover takes place the developer loses their majority voting (say 50 votes per lot) but as a lot owner, they would have one vote per lot they own as does any owner
TimB4 (Tennessee)
Posts: 21,061
Posts: 21,061
Posted:
This will depend on the wording of your governing documents.
Typically, the builder would cast votes for the lots they own (the Association might be ran by the homeowners but the Association likely doesn't own the lots).
As I understand it, most documents are written to give the builder/developer/declarant controlling votes even if they only own one lot.
Typically, the builder would cast votes for the lots they own (the Association might be ran by the homeowners but the Association likely doesn't own the lots).
As I understand it, most documents are written to give the builder/developer/declarant controlling votes even if they only own one lot.
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