What is a transition meeting?
A transition meeting is the point at which control of the HOA shifts from the original developer to the homeowners, including turning over records, financial documents, and electing a resident-led board. The developer may also present a financial summary of the community’s condition.
Why does a transition meeting matter?
How thoroughly a developer hands things over at this meeting shapes everything the new board inherits. A rushed or incomplete transition can leave residents discovering deferred maintenance or missing records months after the developer is long gone.
When You’ll Run Into This
This happens once, at a specific milestone in a community’s life, and it’s worth treating as seriously as it deserves. Our 8 steps to transition an HOA from developer to owner covers exactly what to check before signing off.
