It has been quite some time since the HOA industry in Colorado has seen as much legislation as we saw this year! Of the 13 bills signed by the Governor, three pertain to public policy, which is a clear trend in legislative goals: HB24-1091 – Fire-hardened building materials, HB24-1152 – ADUs (accessory dwellingGo to Resource
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At Altitude Community Law, it’s important that we keep our clients up to date with the most recent information in the community association industry. As part of our educational strategies, our newsletters and blogs will give you deeper insight into the intricacies of community association law. We believe that the right attitude stems from being well versed in the knowledge necessary for community association operations, governance, and enforcement.
Below, check out the most recent news and in-depth insight by our Altitude Team:
“Big Jump in Insurance Costs Strikes Condos“, written by Nicole Friedman at the Wall Street Journal who interviewed David Firmin, discusses the rising insurance costs for condominium associations and its impacts on the same. David is quoted confirming the “year over year insurance premium increases” we continue to see in Colorado, as wellGo to Resource
“Conflict is a good thing” was the sales pitch from a rug salesman desperate to try and shift the most hideous fuchsia floor rug that would have been objectively unacceptable to any design theory to my father in the early 90s and has become a running gag whenever there is a disagreement inGo to Resource
May is Mental Health Awareness month. The HOA industry brings many struggles, stresses, and mental health difficulties to all involved. As a way to help steer our minds towards a more positive approach to this ever-challenging industry, we are reposting “Life Lessons” by Melissa Garcia. This article provides Melissa’s insights into what keepsGo to Resource
Although many concluded that the Corporate Transparency Act (“CTA”) applies to homeowners associations, we now have verification of this. On April 18, 2024, the Financial Crimes Enforcement Network (“FinCen”) issued 16 new FAQs and updated two more. Under Category C, question C.10 of the FAQs, a Q&A was added confirming that CTA requirementsGo to Resource