A recent Denver Post article ranks Colorado among the top 10 states with the highest share of homeowners insurance claims paid out due to catastrophes. What does this mean for individual homeowners and associations? Coloradans can expect to see higher annual insurance premiums, which already have Colorado homeowners paying above the national average. Go to Resource
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Tis the season for business planning. Savvy entrepreneurs know that buying all or part of an existing business – a “going concern” – may be easier and less risky that starting up a new business from scratch. A dilemma arises when entrepreneurs are more interested in, and therefore more focused on, how theyGo to Resource
Do you ever wonder why associations don’t receive property tax bills for common elements? It’s because the Colorado Common Interest Ownership Act (CCIOA) prohibits municipalities from separately taxing common elements. Specifically, Section 105(2) of CCIOA states, “common elements shall not be separately taxed or assessed.” How, then does the government get its money? Go to Resource
Promissory notes are often the simplest way to finance the purchase or sale of a business. As we explained in our October 4, 2012 post, promissory notes are negotiable instruments similar to checks. But what happens when the person who signed the promissory note (also known as the “maker”) doesn’t pay when heGo to Resource
We’ve written articles in the past about why associations should foreclose on banks who own homes in your community. We’ve explained that banks should be treated like any other owner and that you shouldn’t sit on the delinquent account waiting for the lender to sell the home. In a recent story in CAI’sGo to Resource