Amending Your Governing Documents Resources
Voluntary Compliance – Myth or Reality?
It is often said that the goal of any restriction or requirement contained in governing documents or rules in associations is voluntary compliance. But what does that really mean and is it even possible? If rules and restrictions are well-written, understandable, and relevant to a community we would hope that owners will voluntarily comply andGo to Resource
The Court Petition – Why it is not always a slam dunk
Amending an association’s governing documents is never an easy task. The Colorado legislature recognized this in 1992 when it capped the maximum approval requirement to 67% of the entire community. Even with this reduction in the approval requirement, amending a declaration was problematic due to owner apathy, lack of building a consensus of the owners,Go to Resource
Associations and Loans: Review Your Documents Before Plunging In
Now that the economy is at an upturn and associations are feeling more financially stable, many associations are investing in capital improvements for their communities. Whether it’s installing a new swimming pool in the community, installing all new roofs, or upgrading the playground equipment, these types of projects are expensive and, oftentimes, require associations toGo to Resource
Rule Clean up: Why Should You Do it and How Often?
Most communities have “rules” that take on many different forms and names. For example, some communities have design guidelines, while others have rules and regulations. Still other associations use resolutions and policies as their “rules”. Regardless of what associations call their “rules”, these rules typically work in conjunction with their declarations to clarify terms, covenants,Go to Resource