What does the term 'turnover' refer to in community associations?

The term 'turnover' in community associations specifically refers to the transition of control of the association from the developer, who initially sets up the community and its governing documents, to the owners who have purchased property within the community. This process symbolizes the shift in governance where owner-elected representatives begin to manage the association affairs instead of those appointed by the developer.

During turnover, important decisions are made regarding the future direction of the community, including financial management, maintenance responsibilities, and rules compliance. This period is critical as it lays the groundwork for the association's sustainability and reflects the interests and needs of the property owners rather than the developer's interests.

Understanding the turnover process is essential for new homeowners and community association managers to ensure a smooth transition and foster effective governance moving forward.