Newsletters

Limited Expense Communities – What Does That Mean, Really?

Filed Under CCIOA, Misc

Posted November 1, 2019

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

By William Short

Recurring Insurance Claim Handling Issues

Filed Under Maintenance & Insurance, Insurance

Posted November 1, 2019

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

By Amanda Ashley

Notice of Foreclosure?! We Missed It!

Filed Under Foreclosure, Foreclosure

Posted October 1, 2019

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

By Elina Gilbert

Trick or Treat! Are you Ready for the Holidays?

Filed Under Governance, Manager Resources

Posted October 1, 2019

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

By Elina Gilbert

Restrict Cashing Checks with Restrictive Endorsements!

Filed Under Collections, Financial

Posted September 3, 2019

What do you do when you receive a check from a delinquent owner with a restrictive endorsement on it? Do you cash it? Do you return it? Do you call the attorney? A restrictive endorsement is a written statement sent with a payment that either defines what the check is written for (such as “AssessmentsGo to Resource

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