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What refers to the date homeowners gain control over their association?

Transition

Turnover

The term that refers to the date homeowners gain control over their association is "Turnover." This phase marks the transition of power from the developer or builder to the homeowners, signaling that the homeowners are now in charge of the association's governance and decision-making processes. This transition is crucial as it empowers residents to have a say in the management and direction of their community, establishing a framework for homeowner participation and fostering a sense of ownership.

Understanding this process is essential for community management, as it also typically involves the transfer of control over financial documentation, operational responsibilities, and the enforcement of community rules, thereby ensuring that residents have the authority needed to manage their living environment effectively. Transition, takeover, and transformation, while related concepts, do not accurately denote the specific moment when homeowners assume control.

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Takeover

Transformation

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