Amending a set of covenants/declarations is no easy task. Declaration amendments typically require approval from owners representing at least 67% of the total votes in the association. To make things worse, sometimes we also see requirements for first mortgagee approvals, which means the association must obtain approval from banks to whom owners issue their mortgageGo to Resource
CCIOA Resources
38-33.3-102. Legislative declaration.(1) The general assembly hereby finds, determines, and declares as follows: (a) That it is in the best interests of the state and its citizens to establish a clear, comprehensive, and uniform framework for the creation and operation of common interest communities; (b) That the continuation of the economic prosperity of Colorado isGo to Resource
The Colorado Common Interest Ownership Act (“CCIOA”) and the Colorado Revised Nonprofit Corporations Act (“Nonprofit”) are the two primary statutes governing common interest communities in Colorado. These statutes are long, complex, and contain provisions many people are not familiar with, and, frankly, may not care about. However, it is fun to take a look atGo to Resource
In 1886, we were introduced to the first gasoline automobile powered by an internal combustion engine.[i] Today, we fast forward to more and more vehicles powered partially or totally on electricity. In 2018, the world saw a 64% increase in the use of electric vehicles (“EVs”), rising from 3.4 million to 5.6 million[ii]. Today nearlyGo to Resource
It was a busy year for the Colorado Legislature. Community associations were the subject of much debate and multiple bills. Two of the most important bills for community associations included House Bill 21-1310 and House Bill 21-1229. These new laws amend various provisions within the Colorado Common Interest Ownership Act (CCIOA) and concern the regulationGo to Resource