Developer Transition
Elite works with developers from the initial stages of construction to begin planning for a smooth transition to unit owner control. The facets of this relationship include reviewing the community’s physical attributes and amenities, developing a realistic stabilized budget that will accurately reflect the cost to the unit owners, and establishing a timetable for owner involvement in the administration of the community.

Interim Period
As closings take place and construction progresses, Elite will work closely with the developer and new owners to ensure constant communication. Additionally, Elite will educate the owners by introducing them to association living, reviewing governing documents, and discussing how the turnover of control will be handled. These items will be achieved through written communication and periodic informational meetings of the membership.

Turnover
By working with Elite and understanding the project concept from the beginning, the transition from developer control to homeowner control of the association does not have to be difficult. Coordination and communication between the developer, Elite, and the unit owners can make the transition and turnover smooth and trouble free.

Elite Management Associates, Inc. ["Elite"] exclusively serves property associations. (708) 352-2870

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