Who is classified as a Bulk Assignee?

A Bulk Assignee is specifically defined as a buyer who acquires more than seven parcels in a single condominium development. This classification is important in the context of community associations because it can have implications for control and governance within the condominium. Bulk Assignees often have different responsibilities and rights compared to individual unit owners, especially regarding voting power and management decisions.

This designation is particularly relevant to ensure that large-scale ownership does not disrupt the harmony and governance of the condominium association, as they may wield considerable influence due to their significant ownership stake. Understanding who qualifies as a Bulk Assignee helps community association managers navigate the complexities of governing documents and state laws that pertain to condominium developments.

The other choices do not fit the definition of a Bulk Assignee, as they do not pertain to the specific situation of acquiring a significant number of parcels in a condominium setting. Thus, recognizing the criteria for a Bulk Assignee is essential for managing community associations effectively and ensuring compliance with applicable regulations.