The Aftermath of Developers – Hope for the Best But Prepare for the Worst

Event Phone: 303.432.9999

Now that the economy is picking up again we are seeing more and more developments in Colorado.  Whether a new project is a condominium, townhome, or single family community, it will eventually face the turnover process.  Oftentimes it is only after turnover that boards discover the problems left behind by the developers and are forced to deal with the aftermath.  Sometimes the aftermath is a significantly underfunded reserve account; other times it is defective construction of the community, or portions of the community, and other times it is a failure to turn over all the necessary documentation to the association at turnover.  Regardless of the situation, transitioning communities need to be aware of their rights, developers’ obligations, and possible solutions.  If your community is approaching turnover, don’t be caught off-guard; come to this class to learn about what’s required before, during, and after transition and how best to prepare for the worst case scenarios.

This class is approved for 2 hours CMCA Credit.