When Do Declarant Rights Terminate?
The Declarant Control Period Phases out over the Course of the Development, with Final Termination Occurring Upon the Earliest to Occur of: (I) the Sale of 75%...
The Declarant Control period phases out over the course of the development, with final termination occurring upon the earliest to occur of: (i) the sale of 75% of the units that may be created to owners other than the Declarant; (ii) two years after the last time the Declarant added property to the community; or (iii) ...
What is the period of declarant control?
The period of declarant control is the time when the declarant, or persons designated by the declarant, may appoint and remove the officers and members of the executive board. C.R.S. ... When the declarant no longer has the authority to appoint or remove board members, the period of declarant control is over.
What is an assignment of declarant rights?
Assignment of Declarant Rights
One of the most important entitlements held by a builder or developer within a homeowners association are the declarant rights. These may include special voting rights in the association, reduced assessments, exemptions from architectural controls and reserved easements.
David Miller brings 15 years of experience in global economics, personal finance strategy, and market dynamics. He specializes in turning complex economic trends into actionable insights for everyday readers.
