Real Estate Law
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Hello Craig: Yes. Is the developer still the owner of the unsold lots? Or was there a complete sell and buy of the lots wherein when sold the new current association reaps any benefits of an increase in market value?
Hello Craig: Thank you for the additional information. If the new developer still owns the unsold lots, then the dues to the board would be the new developer's responsibility. The HOA would be responsibility for common charges, etc. We can continue to discuss.
I meant the board would be responsible for taking care of the common areas (not common charges). We can continue to discuss if you want to do so.
Hi Craig: My answers are based on my common legal knowledge of HOAs and applicable laws. I would be unable to give you a formal legal opinion with law citations from this site. You would have to get a legal opinion from a local attorney.