Now that SB23-178 has been signed into law and has become part of the Colorado Common Interest Ownership Act (effective August 9, 2023), the predominant question is “what does this mean for my community?” To start, if your community is a condominium community or townhome community with shared walls, the new law does not changeGo to Resource
Resources
If a homeowner fails to pay a balance due to their association, there are two ways to attempt to collect that balance. The first is through the personal assets of the homeowner. The second is through the lien against the property. Personal Liability: Unpaid balances due to an association are the personal responsibility of theGo to Resource
It has been said many times that assessments are the ‘life-blood’ of an association. With costs rising for everything from pool chemicals and light bulbs, to snow removal, the adage continues to hold as true as ever in 2023. Just like the rest of us, associations are not immune to rising costs and cannot provideGo to Resource
An association’s, and owners’, maintenance and insurance obligations are typically set forth in the declaration. The Declaration is also referred to as the “CC&R’s”, “Covenants”, and the “Declaration of Covenants, Conditions, and Restrictions”. But have you ever tried reading a declaration to determine who has to fix what? If so, you will probably agree thatGo to Resource
Transition to Homeowner Control: Avoiding Problems and Finding Solutions
Transition to Homeowner Control: Avoiding Problems and Finding Solutions