New Water Rights and Mineral Rights Examination Deadlines
Learn about the new Water Rights and Mineral Rights Examination Deadlines in the 2022 Colorado Real Estate Commission Approved Contract.
Inspection Objection/Inspection Termination
Once a buyer submits and Inspection Objection, and before the contract dies naturally after the Resolution Deadline passes without a resolution, can the buyer kill the deal before the end of the Inspection Resolution Deadline?
The Impact of the Recent Changes to the Colorado Real Estate Contracts on Water Rights
It is critical that the parties pay close attention to the Water Rights Review Deadline during the Contract phase. It is very important to consult an attorney who understands the implications of these Contract changes and their potential impact on your water rights.
Water Rights Considerations for Buyers and Sellers of Colorado Real Estate
This article is a brief primer on some things that Buyers and Sellers should consider for a transaction involving water rights.
Late Fees in Colorado Leases
Q: Are rental late fees limited in Colorado? A: Yes. As of October 1, 2021, late fees in residential Colorado leases are limited to the greater of: (i) $50, or (ii) 5% of the past due rent payment. The changes discussed in this article were enacted in Senate Bill SB21-173: Rights in Residential Lease Agreements. … Continue Reading
New Law Limits Retainage in Private Construction Projects
Co-Author: Lauren M. Taylor[i] This summer, the Colorado General Assembly adopted new limits on the amount of retainage a property owner can withhold from contractors and subcontractors in private construction contracts. Retainage and Limits Retainage is a percentage of a contract or subcontract price withheld from a contractor by a property owner until the completion … Continue Reading
Foreclosure Overbids in a Seller’s Market
What happens to Foreclosure Overbids; remaining Overbid Funds Now Go to Borrower After Paymet of All Liens.
What Happens to My Maintenance Obligation If I Decide to Retire?
Will my maintenance obligation reduce or terminate when I retire? For many, the decision to retire is an easy decision that comes as a natural next step. For others, the decision to retire is difficult and filled with financial uncertainty and stress, especially when the decision is irrevocable. This is especially true if you have … Continue Reading
Managing Risks with Seller Post-Closing Occupancy Agreements
How to avoid risks of allowing a seller to remain in the property after closing.
Adult Children
Under Colorado law, your child becomes a legal adult at age 18. Parents who still think of themselves as protectors and advisers, even after their children become legal adults, often do not consider the real-world implications of that milestone birthday. It is important, as parents, that you understand what legal documents your adult child should … Continue Reading