Have you ever wondered or been posed with the question of “what gives the board authority to adopt rules when the governing documents don’t specifically authorize this?” The answer is Section 302(1)(a) of CCIOA. In fact, Section 302(1) of CCIOA sets forth a plethora of powers associations may utilize even when their governingGo to Resource
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I have sat through countless Board meetings where Board members and owners alike bemoan the condition of bank-owned properties in the community. Often, weeds have overtaken the yard, the grass is dead, and the home is in need of a new coat of paint. The question that always comes up is “What canGo to Resource
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
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