HOA exit strategies for condominium developers

HOA exit strategies for condominium developers

Nov 13, 2017

Article

Co-author, Colorado Real Estate Journal Multifamily Properties Quarterly, November 2017

As we begin to see the development of condominium units once again in Colorado, developers should be aware that the sale of units is not the only involvement in the project the developer will have. Specifically, a developer will need to form and run, for a period of time, a homeowner's association to enforce the covenants within the condominium community, collect assessments for the community's common elements, and maintain the community's common elements. 

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