Understanding Unit Boundaries

By: Kelly McQueeney Why is it important to know unit boundaries? It impacts, and can determine, both owners’ and the associations’ rights and obligations. For example, maintenance issues commonly arise where it becomes essential to know whether a certain component, like a pipe, balcony, or drain, is considered part of the “unit” in order toGo to Resource

CCIOA – Colorado Common Interest Ownership Act

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
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
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