What documents must be included in the Association Turnover Checklist?

The inclusion of association documents, financial documents, and maintenance records in the Association Turnover Checklist is crucial for ensuring a smooth transition of management responsibilities from the developer to the homeowners association. The association documents, which include governing documents such as the declaration and bylaws, establish the framework for how the association operates, including its regulations and member rights and responsibilities. Financial documents are vital for assessing the association's fiscal health and ensuring transparency regarding the management of funds, budgets, and expenditures. Maintenance records are essential to inform the new board about the property’s upkeep, ongoing maintenance issues, and any capital improvements that have been made or are needed. Together, these categories of documents provide a comprehensive understanding of the association's status, obligations, and operational history, enabling effective governance and management.