Special Assessments, Reserve Funds, Reserve Studies, Oh My!

Hypothetical: Owner lives in a decades old association. Owner consistently pays assessments in a timely manner. Owner’s association needs to make a major renovation to replace siding and repair wood structures, which will cost the association approximately two million dollars. The association does not have an adequately funded reserve fund and a special assessment isGo to Resource

Private Transfer Fees: Which Side Are You On?

A private transfer fee (“PTF”) — also known as a reconveyance fee instrument — is a financial instrument where a developer adds to a covenant, a deed, or home purchase contract requiring a percentage of a home’s sale price (usually 1%) be paid every time the property is sold, typically for 99 years. To viewGo to Resource

License Plate Traces

Did you know the Colorado Department of Motor Vehicles (DMV) provides a way to obtain an individual’s personal information with a license plate trace?  The information may only be accessed for specific reasons, but the process does exist and can be helpful to community associations. In order to conduct this search the requesting person mustGo to Resource

High on the Job

More and more community associations are being impacted in one way or another by Colorado’s marijuana laws.  Most visible are the impacts from dispensaries moving into covenant controlled communities.  A less obvious impact is on those associations who have employees. Many employers have a no-drug policy which prohibits employees from using illegal drugs.  The questionGo to Resource
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