What does declarant mean in real estate?

The declarant is the owner of a property that becomes the condominium/common interest community. The declarant gives life to the condominium or common interest community by recording a declaration against the property that will ultimately comprise the association.

Who are considered as declarant?

A declarant is person who makes a statement they allege to be true. Typically, such statements are written and signed. A declarant is sometimes referred to as an affiant if the declarant’s statement takes the form of a sworn affidavit.

What does the term declarant mean?

Legally defined, a declarant is “the person making a statement, usually written and signed by that person, under ‘penalty of perjury’ pursuant to the laws of the state in which the statement, called a declaration, is made.” Declarants are used when the first owners of the HOA, typically the builders or developers, are …

What are the rights and responsibilities of a declarant?

A declarant is responsible for accuracy of goods declaration and for payment of duties, taxes, and other charges on the imported goods. The declarant is also liable for any violation of the CMTA and other related laws.

Who is the declarant on the HOA board?

The declarant is the person who is building the s/d. He may also be the developer who is building all the homes, or he may have agreements with other developers to build all or some of the homes. The declarant is the person who sets up the HOA and appoints board members — he most likely will be the Pres.

Which is the best definition of declarant control?

Definition of Declarant control. Declarant control means the right of the declarant or persons designated by the declarant to appoint and remove officers and members of the board of directors, or to veto or approve a proposed action of the board or association, pursuant to RCW 64.34.308 (4) or (5).

Who is the ” declarant ” of an association?

The “Declarant” is the person or entity that creates the original governing documents for the association. The Declarant is generally the developer of the project and usually reserves certain rights and powers to himself related to the sale of units in the project, extra voting rights, etc.

What does it mean to be a declarant in a declaration?

“Declarant” means the person or group of persons designated in the declaration as declarant, or if no declarant is designated, the person or group of persons who sign the original declaration or who succeed to special rights, preferences, or privileges designated in the declaration as belonging to the signator…