Under Colorado law, sellers are obligated to disclose known adverse material facts about their Property. This obligation is outlined in the Buy Sell Residential Contract, specifically, Section 10. The Sellers must also complete a Seller’s Property Disclosure Form when listing the Property for sale. This obligation of disclosure has also been reiterated by the Colorado … Continue Reading
Builders are currently reporting a shortage in adequate labor to help build new homes for their customers. There are also reported delays in getting some materials. The Superior, Louisville and Marshall areas are also starting to rebuild homes burned down by the Marshall fire putting another strain on the current new build market. Some construction … Continue Reading
Following Passage of the Restrictive Employments Agreement Act Last year, the Colorado legislature significantly revamped the state’s noncompetition and restrictive covenants statute. On August 10, 2022, the Restrictive Employments Agreement Act (the “Act”) became effective, implementing substantial changes to § 8-2-113, C.R.S., which statute encompasses Colorado’s restrictive covenant prohibitions. The Act has broad sweeping changes … Continue Reading
