Resources Archive - Page 50 of 76 - Altitude Community Law

Usury and your HOA

Filed Under Collections, Litigation

Posted November 1, 2012

Compounding interest, late fees, and processing fees can sometimes lead to claims that the association has violated state and federal usury laws. Usury laws apply only to loans, and homeowners association assessments are not considered loans. Generally, usury laws should not apply to homeowners association late fees. However, some courts have disagreed with this positionGo to Resource

Clearing the Air on Questions Related to Radon Mitigation

Filed Under FAQs

Posted November 1, 2012

Question: A condominium unit tests high for radon. The radon report shows that the radon has entered into the unit through the concrete floor; therefore, the owner asks the association to mitigate it. Is the association responsible for mitigating radon found in the unit? Answer: Typically, the association would not be responsible for mitigating radonGo to Resource

When You Hear the Word “Turnover” What’s the First Thing that Comes to Your Mind?

Filed Under Governance, Misc

Posted October 1, 2012

Unhappy employees might be thinking high turnover rates are the sign of miserable work conditions. Salespeople might be thinking low turnover in sales is a sign of inefficiency. Broncos fans might be thinking three turnovers in the first quarter is a sign of….well, not sure how to finish that sentence. I, on the other hand,Go to Resource

CCIOA Corner—Unit Boundary Reallocations

Filed Under Governance

Posted October 1, 2012

Have you ever been confronted with a situation where an owner who owns two adjacent units wants to merge the units together, or a situation where two owners want to reallocate their unit boundaries? If so, Section 212 of CCIOA provides guidance with respect to this process if your declaration is silent. Keep in mindGo to Resource

Want to Restrict Leasing? Look to Local Ordinances

Filed Under Amending Your Governing Documents, Governance, Misc

Posted September 4, 2012

Associations commonly ask if they can restrict leasing in their communities. These inquiries typically stem from perceptions that investors care less about the community than resident homeowners and that tenants are more likely to violate community rules. As a result, associations are looking for alternatives to limit the number of renters residing within the community.Go to Resource

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