What is the Declarant period?

Started by AlexL1 • 1 replies • 1296 views

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AlexL1 (Florida)
Posts: 305

Posted:

Apartments converted to Condo units by Company B. How long can remnants of Company B remain at the condo compound before they can be removed? They are using part of the building purely as a rental agency for many investors. The remnants of that Company B rents out the units for the investors and the tenants (who never meet the owners) pay their rents.... their complaints.... etc to the remnants of the Company B that occupies part of the building..... I happen to know that the declarant period is officially up in March of 2009.

GlenL (Ohio)
Posts: 5,491

Posted:

Alex unless your CC&R's specify a specific % when the Declarant transitions out and they have reached it then it would seem that you answered your own question: March 2009. At which point if they remained they would be a tenant and have no official power over the HOA.

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