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The purpose of a Transition Report is to provide the Building
Ownership Organization with a document to avoid the need for
litigation and to discuss warranty and deficiency resolution
issues with the Developer. A Transition Report is typically
requested shortly after a Developer turns over ownership of
the property to the Building Ownership Organization. The Declarations
and Permit Drawing Set are reviewed to verify if the building
was delivered to new Ownership as was represented in the Documents.
K&H then performs a physical evaluation of the common
areas of the building in order to assess the general condition
of the property and, if present, identify any observed deficiencies.
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