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Dimitry Esquire
Dimitry Esquire, Attorney
Category: Real Estate Law
Satisfied Customers: 41220
Experience:  JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin
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In Maryland when is a developer/builder required to turn over

Customer Question

In Maryland when is a developer/builder required to turn over the association to the owners?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Dimitry Esquire replied 1 year ago.
Thank you for your question. Please permit me to assist you with your concerns.
The answer is not located online, it is located right with your HOA's CC&Rs. There is generally no law requiring turn-over, but the CC&Rs may list conditions when the transfer may occur. Language may state that when all units are sold, or a set percentage (such as 2/3 of the units), or after a set period of time, such as two years. That is what governs, how your own specific rules are drafted as they are the ones that set forth the conditions and the mechanism for the transfer of control to the members from the developer.
Sincerely,
Dimitry, Esq.

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