Florida Community Association Manager Practice Exam

What does "turn over the property" typically involve for developers?

1. Providing maintenance services for one year

2. Transferring control to the homeowner's association

3. Offering discounts on future purchases

4. Signing a lease agreement with members

The correct answer is: Transferring control to the homeowner's association

The phrase "turn over the property" in the context of developers refers to the process of transferring control of the community or property to the homeowner's association (HOA). This transition is an important milestone in community development, as it signifies that the developers are relinquishing their authority and responsibilities for the community and handing them over to the residents. Once the developers turn over the property, the HOA gains the power to manage the community, enforce rules, collect dues, and maintain common areas. This handover typically occurs after a certain number of homes have been sold or after the developer has completed a particular set of obligations. This transition is essential for ensuring that the residents have a voice in the management of their community, allowing them to make decisions about its future. The timing and conditions of this turn over may be governed by state laws and the governing documents of the HOA, highlighting the importance of compliant and transparent practices during this process. The other options presented do not accurately represent the nature of "turning over the property." Offering maintenance services, discounts on future purchases, or signing lease agreements does not constitute the fundamental action of transferring control and authority, which is core to the relationship between developers and homeowner associations.