The typical process for collecting unpaid assessments is to proceed with a lawsuit after an owner has failed to respond to a thirty-day demand letter. This route, although successful in many cases, does not always provide the desired results. Associations are therefore looking to alternative methods of collecting unpaid assessments. Judicial foreclosures and receiverships areGo to Resource
Newsletter
2011 was an active year for legislation that will affect community associations of all kinds in Colorado. Overall most bills were positive and did not add significantly to the administrative burdens of managing and governing homeowners associations. But there are new laws that every Colorado homeowners association should be aware of. The following checklist discussesGo to Resource
If your community recently transitioned from developer control, you may be able to terminate some or all of the contracts entered into by the developer without penalty pursuant to Section 305 of CCIOA. Section 305 sets forth the types of contracts that are subject to this termination provision, and includes the following agreements: Management contractsGo to Resource
What do you do if your association’s governing documents do not have a quorum requirement? If your community was created on or after July 1, 1992, you go to Section 309(1) of CCIOA. Section 309(1) provides post-CCIOA communities with a default quorum requirement if their documents are silent. Specifically, Section 309(1) indicates that if yourGo to Resource
What happens to the status of a pre-CCIOA community (i.e. community created before July 1, 1992) if it amends its governing documents? One prevalent myth on this issue is that the community becomes a post-CCIOA community and will be subject to all provisions of CCIOA. But this is nothing more than a myth and notGo to Resource