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
At Altitude Community Law, it’s important that we keep our clients up to date with the most recent information in the community association industry. As part of our educational strategies, our newsletters and blogs will give you deeper insight into the intricacies of community association law. We believe that the right attitude stems from being well versed in the knowledge necessary for community association operations, governance, and enforcement.
Below, check out the most recent news and in-depth insight by our Altitude Team:
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
What’s Executive Session and When Can We Use It?
An executive session or “closed door session” is a portion of a board meeting that is not open to attendance by the homeowners. Although the Colorado Common Interest Ownership Act (“CCIOA”) generally requires board meetings to be open to attendance by homeowners, Section 308 of CCIOA sets forth the “executive session” exception that allows aGo to Resource