Recently, SB181 was introduced in the Senate to provide some oversight for the receivership process in Colorado. Briefly, a receivership is the court ordered appointment of a rental manager for a property. The receiver (rental manager) is a disinterested person who manages the rental of the property, collects the rents and disburses the rentsGo to Resource
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Have you ever tried to get an insurance company to pay for siding replacement of hail-damaged siding? Better yet, have you ever been “lucky” enough to try and convince an insurance carrier to pay for replacement of all siding on a building (even the siding not damaged by hail) so all the sidingGo to Resource
On February 17, 2015, the Lone Tree City Council passed by a unanimous vote, an ordinance aimed at encouraging construction of condominium housing within the city limits. The ordinance essentially strips the ability of any association to seek redress from a building for defective construction, thus placing the burden on implementing repairs withinGo to Resource
When an association, director, management company or manager is sued, each named party has to make a decision (preferably in consultation with legal counsel) whether to report the claim to insurers for a possible paid defense. In an effort to avoid negative claim history, and to decrease the chances for a premium increase,Go to Resource
The long anticipated construction defect reform bill was introduced into the senate on February 10, 2015 as SB 15-177. Sponsored by Senators Ulibarri and Scheffel in the Senate and co-sponsored by Representatives DelGrosso and Singer in the House of Representatives, the Bill has bi-partisan support. Similar to the bill introduced last year, SBGo to Resource