I live in a “New” Development – first home went up around 1998.
Currently there are 145 homeowners and the builder/developer (one and the same) has only 15 lots left to build on.
The Builder/Developer is the sole person to run our Assoication. It does state in our Covenants that he will not turn the Association over to the homeowners until he is all built out.
Even though that is in the Covenants, is there anything, we the homeowners, can do to force him to turn it over to the homeowners sooner?
Do we have any rights at all here?