One of the most important documents that should be generated when forming a new business as an LLC (“limited liability company”) is the operating agreement. Unfortunately it may also be the longest document, chock-full of boilerplate provisions. That raises the risk that people handling the process of new business formation may not giveGo to Resource
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We are excited to announce that our 2013 Community Association Handbook has been republished and posted to our website for your convenience. Our latest edition provides the most current information regarding Colorado homeowner associations. The handbook gives you easy access to information about collections, foreclosures and CCIOA and while also providing full copiesGo to Resource
So far this winter, the Denver area has experienced mostly unseasonably warm, dry weather, which has spared us from the usual flurry of frozen pipe claims. But as the frigid temperatures of the last few days have reminded us, Colorado weather changes often and a cold snap is likely to strike at anyGo to Resource
In Florida, delinquent owners are prohibited from serving on their association’s board. While Colorado does not have a similar law we do recommend that associations include such a requirement in their bylaws. Why? If you want owners to take the assessment obligation seriously, board members should do so as well. After all, theyGo to Resource
This morning, the Consumer Financial Protection Bureau released its federal Qualified Mortgage standard. The new guidelines establish minimum requirements for all mortgage loans which now include association assessments. Lenders are required to prove that borrowers have the financial resources to pay mortgage principal and interest, insurance premiums, property taxes and association assessments. IfGo to Resource