It is not uncommon for board members or managers of common interest communities to find themselves so focused on the current matters facing their communities that the bigger picture issues fall by the wayside. As most of our readers are keenly aware, the Colorado Common Interest Ownership Act (CCIOA) is the primary governing statutory schemeGo to Resource
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When I arrived home after a 4.5-hour annual meeting of the owners this week, I sat and reflected over the last ten years and how these meetings have changed. On average, I attend 1.5 meetings a week—or about 75 meetings a year. Some are meetings of the owners, and some are meetings of the board. Go to Resource
Perhaps one of the more confusing concepts when it comes to HOAs is the difference between having an insurance obligation and having a maintenance obligation. In what particular circumstances do you apply each? It is precisely this confusion that often lands associations in hot water for either failing to submit insurance claims or requiring ownersGo to Resource
Introduction The Federal Housing Administration (“FHA”) is a government-owned insurance company that insures home loans for buyers who cannot afford a conventional down payment or prefer to use their available funds in other ways. In other words, a FHA backed loan allows a home buyer to purchase the home with a smaller down payment thanGo to Resource
What is negligence? In simplest terms, to be negligent is to act in some careless way that causes harm to another. For example, someone is not paying attention while backing out of his driveway and ends up hitting his neighbor’s mailbox. The driver’s negligence (i.e., careless driving) caused damage to the neighbor’s mailbox, resulting inGo to Resource