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

Prepare for the Georgia Community Association Manager Exam with our comprehensive quiz. Study with detailed flashcards and multiple choice questions, complete with hints and explanations. Ace your licensing exam with confidence!

Turnover is the transition of governance from the developer-appointed board to an owner-elected board. It marks the point when the association shifts control from the developer to the homeowners, typically defined in the governing documents and often tied to selling a certain percentage of homes or reaching a specific date. This is about who makes the board decisions, not about ownership of individual properties, nor about residents’ general involvement or tenants becoming owners.