What type of meeting is meant to receive management responsibilities and discuss transitions?

The type of meeting referred to in the question is specifically designed to facilitate the transition of management responsibilities from the developer or previous management to a new condominium management team or the elected condo board. This is commonly known as the turn-over meeting.

During a turn-over meeting, various aspects of the condominium's operations, governance, financial status, and ongoing issues are reviewed and discussed. It is critical for ensuring that the new management team has all the necessary information to take over effectively and maintain continuity in the management of the condominium. The turn-over meeting typically includes transferring essential documents, records, and insights about the day-to-day operations and any outstanding matters that need attention.

In contrast, other terms like a changeover meeting, management transfer meeting, and initial management meeting might suggest different contexts or processes not specifically aimed at the formal handover of management responsibilities in a condominium setting. Understanding the specific terminology helps clarify the purpose and importance of this meeting in the management of condominiums.