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
What is a special assessment?  A special assessment is an assessment that is not contemplated in an association’s budget for the fiscal year and is therefore over and above the regular assessments imposed in accordance with an association’s budget. One reason for imposition of special assessments is to pay for unexpected repairs and replacements occasionedGo to Resource
The language of the governing documents of an association provides what an association’s board and owners are allowed and required to do.  However, the governing documents often use words that at first blush seem to mean the same thing, such as “power” versus “duty,“ “can” versus “will,” and “may” versus “shall.” Some of these wordsGo to Resource
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