Attorney Eric S. Johnson helped a subdivision located on the Castle Rock Lake update its Declaration and Bylaws following the end of developer control.

08.03.2018

Attorney Eric S. Johnson helped a subdivision located on the Castle Rock Lake update its Declaration and Bylaws following the end of developer control. In many subdivisions, the developer writes the initial Declaration and Bylaws to give the developer substantial control and limited liability for assessments for a certain period. The justification for this practice is usually to permit the developer to sell the lots more easily and to preserve their value. After the developer’s control ends, the lot owners will want to revise subdivision documents to suit their needs.