Generally, homeowners want the same basic things – comfort, safety, value, etc. This is true whether the homeowner belongs to the Baby Boom Generation or Generation X. However, each generation has its specific set of values and expectations that influence its behavior. The latest generation with a name – Generation Y (roughly corresponding to individualsGo to Newsletter
Misc Resources
Before the adoption of the Colorado Common Interest Ownership Act (CCIOA), the transition of an association from developer control to homeowner control was often a haphazard, informal, and ongoing process. CCIOA requires developers to gradually turn over control of the association as units are sold or time expires. Even with the more structured transition frameworkGo to Newsletter
You have a community that is less than 50% sold out. The clubhouse is only half-finished. Bills are mounting. Vendors are screaming. Developer walks away. Now what? What’s the saying? “When the tough get going the going get tough?” Pretty hard to get in that frame of mind when you have to sleep in aGo to Newsletter
During the continued nationwide economic issues, more associations every day are discovering the answer to that very question, and discovering the answer is a resounding yes. Declarant Control relates to the Declarant’s right to control the operation of an association by means of appointing members to the Board of Directors. The Declarant Control provision permitsGo to Newsletter
Imagine the following scenario: Single family community Developer transitions or otherwise abandons control of the community to the owners Developer fails to convey tracts of common areas to the association Developer does not respond to repeated requests to voluntarily convey the tracts or conveys tracts encumbered by unpaid taxes to the association Do you knowGo to Newsletter