Usual Life Span

Started by RandyS • 2 replies • 3397 views

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RandyS (Colorado)
Posts: 29

Posted:

Was wondering, when an association is formed, in most cases (not all I'm sure), that developers get them started for a variety of reasons. Is there a usual "Life Span" of an HOA?

Who or what will usually determine this, any ideas?

Thanks for the feedback.

Randy

LisaS (Illinois)
Posts: 341

Posted:

The life span of your association depends on your letters of incorporation/declaration/covenants/etc.

Some are written to last in perpetuity, some for a period of years, but automatically renewable if not contested or dissolved. refer to the documents and you should find an answer.
Lisa

RandyS (Colorado)
Posts: 29

Posted:

Thanks Lisa, I'll have to look into that one.

Randy

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