This article is intended to explain what it means when a common interest community is referred to as a “Limited Expense Community” under the Colorado Common Interest Ownership Act (“CCIOA”). Colorado Revised Statute C.R.S. 38-33.3-116 grants an exception for Limited Expense Communities, specifically, a Limited Expense Community is exempt from all the statutory requirements inGo to Resource
A manager’s responsibility includes risk management.  There are many components to risk management, most of which are on the anticipatory or preventative side.  But there are post-incident techniques and practices that should be followed.  This article addresses post-incident practices involving a slip and fall or trip and fall accident.  The basic goal is to gatherGo to Resource
Part of the duties of a community association’s board of directors includes fiscal responsibility.  Among other things, the board of directors is tasked with prioritizing and making decisions regarding the best use of the association’s limited financial resources.  Expenses such as common area maintenance, insurance, water, and professional services including management, accounting, and legal areGo to Resource
Although Colorado has thousands of common interest communities and most of the directors and community managers working with these communities feel they have an adequate grasp on the specifics surrounding their particular community, it can be an eye-opening experience to test your knowledge and see how much you really know (or don’t know) about yourGo to Resource