LonnyB
Posts: 9
Posts: 9
Posted:
The allotment I live in has (had) a CC&R that stated in one of it's provisions:
"all of the (CC&R's and guidlines) in this instrument will run with the land..(usual legal jargon applying to buyers/developer).. until 90% of the lots are sold.
Before 90% of the lots were sold, the developer turned over the remaining lots to another builder. Before the allotment was completed, but after 90% of lots sold, both went out of business.
There is a provision in the CC&R for the creation of a HOA and the rules concerning voting rights etc.
About 2 years ago, the allotment was 100% complete, and still no HOA was formed.
There has never been a meeting held to form one and no one has ever brought it up.
Until now.
What rights do the homeowners and the newly formed (if we form one) HOA have? Is participation in the new HOA mandatory? Or, voluntary?
Can the new HOA enforce the developers CC&R's if a homeowner does not want to join the new HOA?
"all of the (CC&R's and guidlines) in this instrument will run with the land..(usual legal jargon applying to buyers/developer).. until 90% of the lots are sold.
Before 90% of the lots were sold, the developer turned over the remaining lots to another builder. Before the allotment was completed, but after 90% of lots sold, both went out of business.
There is a provision in the CC&R for the creation of a HOA and the rules concerning voting rights etc.
About 2 years ago, the allotment was 100% complete, and still no HOA was formed.
There has never been a meeting held to form one and no one has ever brought it up.
Until now.
What rights do the homeowners and the newly formed (if we form one) HOA have? Is participation in the new HOA mandatory? Or, voluntary?
Can the new HOA enforce the developers CC&R's if a homeowner does not want to join the new HOA?