As community associations strive to maintain the quality, cleanliness, and financial health of their communities, one area that often goes overlooked is the impact of residents moving in and out. Without structure, frequent moves can cause unexpected wear and tear on common elements, improper waste disposal, and unanticipated costs for the association. WhatGo to Blog
Let’s be honest: the insurance market for Colorado HOAs right now, kind of brutal! Premiums are skyrocketing, providers are tightening their standards, and some communities are struggling to even get a policy. The question isn’t “Will insurance stay expensive?” It’s “How do we make sure our association still qualifies for it?” The goodGo to Blog
The passing of SB24-021 effectively amended Section 116 of the Colorado Common Interest Ownership Act (CCIOA), updating the criteria for an association to qualify as a small or limited-expense community. The statute required a notice be sent to associations across the state from the Colorado Department of Regulatory Agencies (DORA) regarding this exemption.Go to Blog