It is that time of year when many associations are holding budget meetings and annual homeowner meetings. It is important that the integrity of the voting at those meetings be maintained, especially if there will be a vote on a special assessment or some other matter that may be contentious or controversial. If there isGo to Resource
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Limited Expense Communities – What Does That Mean, Really?
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
Insurance is an essential part of any community association’s risk management program. But purchasing a good policy is only the first step in the process. Proper claims handling must occur for the association to receive the benefits of insurance. Colorado’s Front Range experiences some of the highest hail storm frequency and severity in the country.Go to Resource
Is your association receiving notice whenever a public trustee foreclosure is initiated? If not, it could be because your association has not updated or recorded a document specifying where notices of foreclosures must be sent. When a public trustee foreclosure is initiated, “interested parties” are notified. An interested party is “Each person, except the publicGo to Resource
With the holiday season right around the corner, many owners and residents are getting their holiday decorations out and starting to decorate their homes—both inside and out. This is also the time that board members and community managers get ready to enforce their restrictions when it comes to decorative displays. However, this is also theGo to Resource