Resources

I Hear the Cans A Comin’ They’re Coming Round the Bend!

Filed Under FAQs

Posted August 1, 2014

We, at Altitude Community Law, are so very proud to announce this year’s 5th Annual Community Can-Can! Come join us on Friday, September 12th, for an afternoon of food, fun, and frivolity as we gather together for a CANtastic competition! Uttering the phrase “Community Can-Can” always sparks something deep inside me that grows increasingly andGo to Resource

What Documents Should be Kept for Successful Collections?

Filed Under Collections

Posted July 31, 2014

To make a collection case successful, it is important the association be able to document the origin of the debt. If an association cannot show where some or all of the debt comes from, the likelihood of recovery becomes very slim. This article will address the documents that are essential for a successful collections action.Go to Resource

Owners’ Access to Financial Records: What and How Much Do We Provide

Filed Under Financial

Posted July 31, 2014

Suppose an owner in your association has requested access (inspection and/or copying) to certain financial records of the association. What are the obligations of the board to provide this information? Can it withhold any information? Can you charge for access? The answers are provided for in Colorado law (both the Colorado Common Interest Ownership ActGo to Resource

CCIOA Budget Process

Filed Under Financial

Posted July 31, 2014

The Colorado Common Interest Ownership Act (“CCIOA”) provides a step-by-step process for budget ratification for communities created after July 1, 1992. Associations created before July 1, 1992, and those that are otherwise exempt from CCIOA, are not required to follow the CCIOA budget ratification process and must follow the budgeting and assessment processes set forthGo to Resource

Board Members’ Rights and Duties Concerning Association Funds

Filed Under Financial

Posted July 31, 2014

Board members owe several overarching fiduciary duties: the duty of reasonable care and attention, the duty of loyalty to faithfully pursue the community’s interests, and the duty of obedience to follow the association’s governing documents and policies. To fulfill these duties, a community association board member must exercise appropriate financial stewardship. Responsible fiscal responsibility hasGo to Resource

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