Co-Author: Jesse Howard Witt The 2022 legislative session brought sweeping changes to the Colorado Common Interest Ownership Act (“CCIOA”), the act that governs most homeowners associations in Colorado. In response to reports of a handful of associations aggressively enforcing fines against homeowners—particularly against lower income owners and families of color—the state’s general assembly added new … Continue Reading
Anyone who has registered their car online is likely familiar with credit card surcharges. If an owner pays with a credit card, the Colorado DMV collects an extra fee to cover merchant processing costs. Starting on July 2, 2022, all businesses in the state—not just government agencies—are allowed to charge their customers surcharges to offset … Continue Reading
Avoid two mineral rights malpractice traps for listing brokers.
Sometimes granting an extension or other accommodation of the breaching side lets the defaulting party off the hook. Learn what to do (beyond the basics of demonstrating that your buyer is ready, willing and able to close). Note: This is the final video of a 3-part video series. See Part I: Seller Can Reject Full … Continue Reading
Whether you are starting a new business or have a well-established one already in place, it is important to have experienced legal and tax counsel to provide ongoing guidance and advice. Business issues and legal documents can be confusing. Having a good attorney and the right legal documents in place can go a long way … Continue Reading
Imagine that a week before closing your seller announces the seller will not close. Learn how to handle the situation when your client is the side that seems to be breaching the contract. See Part I: Seller Can Reject Full Price Offers
Does a seller have an obligation to accept full price, cash offers? If a seller receives a full price, 100% cash offer with proof of buyer funds, is the seller obligated to accept that offer? The answer is probably no, but the seller probably owes the listing broker a commission. Learn about the factors that … Continue Reading
Colorado’s statutory homestead exemption exempts a portion of a homestead from seizure to satisfy a debt, contract, or civil obligation. Section 2 increases the amount of the homestead exemption.
Colorado statute Section 10-4-120 is designed to prohibit a homeowners insurance company from intimidating, coercing, threatening or inducing a homeowner to use a particular repair business to conduct the repairs at the property following damage to a property that results in a claim to the insurance company.
The new “Time of Day Deadline” allows parties to establish the end of the day for most (but not all) deadlines in the Colorado Real Estate Commission contract to buy and sell.
