Florida Community Association Manager Practice Exam

After turnover, what is typically expected of the residents?

1. They must appoint a new developer

2. They should maintain and manage the property

3. They continue to rely on the developer for maintenance

4. They must sell back the units to the developer

The correct answer is: They should maintain and manage the property

After the turnover of control from the developer to the residents, it is typically expected that the residents should maintain and manage the property. This transition marks a crucial shift in responsibility where residents take on the roles of governance and oversight of the community association. During the time of developer control, the developer is responsible for many operational aspects, including maintenance, financial management, and decision-making regarding the community. Once turnover occurs, residents are given the authority to form a board of directors and manage the affairs of the community. This includes ensuring that the property is well-maintained, adhering to budgetary practices, and enforcing community rules and regulations. Residents must become actively involved, participating in meetings, making decisions about budget allocations, hiring property management, and overseeing maintenance activities. This shift empowers residents but also requires them to be proactive about the upkeep and management of their community, ensuring it remains a desirable place to live.