True or False: A declarant can appoint and remove directors of a single-phase condominium until 80% of the units are sold.

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Multiple Choice

True or False: A declarant can appoint and remove directors of a single-phase condominium until 80% of the units are sold.

In a single-phase condominium, who runs the board is tied to how many units have been conveyed to unit owners, not to a fixed fixed time or to owning all shares. The declarant retains the right to appoint and remove directors until unit owners hold a specified percentage of the units, at which point the unit owners elect the board. In Georgia practice, that threshold is typically 75% of the units, not 80%. So saying the declarant can continue appointing and removing directors until 80% are sold is not correct.

In a single-phase condominium, who runs the board is tied to how many units have been conveyed to unit owners, not to a fixed fixed time or to owning all shares. The declarant retains the right to appoint and remove directors until unit owners hold a specified percentage of the units, at which point the unit owners elect the board. In Georgia practice, that threshold is typically 75% of the units, not 80%. So saying the declarant can continue appointing and removing directors until 80% are sold is not correct.

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