Turnover refers to the date at which homeowners gain control of their association from the developer. Which option correctly states this?

Turnover refers to the date at which homeowners gain control of their association from the developer. Which option correctly states this?

• A. The date when homeowners first vote for board members.
• B. The date the homeowners elect a management company.
• C. The date upon which homeowners gain control of their association from the developer.
• D. The date the annual report is filed with the state.

Answer: (C)

Turnover is the moment when governance shifts from the developer to the homeowners. It marks the date you take control of the association’s board, budgets, contracts, and enforcement decisions, moving from developer-appointed leadership to homeowner-elected leadership. This isn’t about the first time residents vote for a board member, nor about hiring a management company or filing an annual report. It’s specifically the date when homeowners gain control from the developer, which is why that option is the correct one.

Turnover is the moment when governance shifts from the developer to the homeowners. It marks the date you take control of the association’s board, budgets, contracts, and enforcement decisions, moving from developer-appointed leadership to homeowner-elected leadership. This isn’t about the first time residents vote for a board member, nor about hiring a management company or filing an annual report. It’s specifically the date when homeowners gain control from the developer, which is why that option is the correct one.