Local Law Blogs

Successfully Transitioning A Community From Developer to Owner Control

David J. Byrne, Shareholder and Co-chair of Stark & Stark's Community Associations group presented a seminar at the 1st Annual Cooperator's Co-Op & Condo Expo which was held May 14, 2008 in Secaucus, New Jersey. Mr. Bynre presented the seminar Successfully Transitioning A Community From Developer to Owner Control in conjunction with Paul Santoriello of Taylor Management Company. 

The seminar focused on a developer's obligations to a community association with respect to document and plan turnover, transfer of power, public offering statements, developer funding and New Jersey's Homeowners Warranty Act. The seminar also detailed management's role, and the board's role, in the transition, including the protection of evidence and retention of records, as well as a community's selection of experts and legal counsel and the importance and relevance of developers' commercial general liability insurance.

You can view a copy of Mr. Byrne's handouts here, as well as a copy of Mr. Santoriello's PowerPoint presentation here. A full recording of the seminar will be available within the next week.

Full post as published by New Jersey Law Blog on May 19, 2008 (boomark / email).