This article is intended to explain what it means when a common interest community is referred to as a “Limited Expense Community” under the Colorado Common Interest Ownership Act (“CCIOA”). Colorado Revised Statute C.R.S. 38-33.3-116 grants an exception for Limited Expense Communities, specifically, a Limited Expense Community is exempt from all the statutory requirements inGo to Resource
Newsletter
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:
Insurance is an essential part of any community association’s risk management program. But purchasing a good policy is only the first step in the process. Proper claims handling must occur for the association to receive the benefits of insurance. Colorado’s Front Range experiences some of the highest hail storm frequency and severity in the country.Go to Resource
Is your association receiving notice whenever a public trustee foreclosure is initiated? If not, it could be because your association has not updated or recorded a document specifying where notices of foreclosures must be sent. When a public trustee foreclosure is initiated, “interested parties” are notified. An interested party is “Each person, except the publicGo to Resource
With the holiday season right around the corner, many owners and residents are getting their holiday decorations out and starting to decorate their homes—both inside and out. This is also the time that board members and community managers get ready to enforce their restrictions when it comes to decorative displays. However, this is also theGo to Resource
Lawsuits make everyone nervous, even when they are brought in small claims courts. While associations tend to bring a matter in county court or district court, small claims actions are appealing to individuals and small businesses. This is because the rules of evidence are relaxed and typically small claims actions do not involve attorneys, whichGo to Resource