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Understanding Colorado HB24-1175: Local Government’s Right of First Refusal and First Offer for Multifamily Properties

Colorado HB24-1175: Does the local government have (a) a right of first refusal and/or (b) a right of first offer to purchase my multifamily property? Proposed initial steps to determine applicability. Co-Author:  Zac Grey I.  Background Colorado HB24-1175, signed into law in 2024, provides local governments (including towns, cities and counties) with two new, specific … Continue Reading

Sellers Swapping Buyers

Right of First Refusal— Kick Out Clauses You’ve just received an otherwise desirable offer on one of your listings. Unfortunately, it is not clear whether Buyer will be able to qualify for the loan. Your Seller is inclined to accept the offer, but wants to preserve the flexibility of replacing this Buyer with another one, … Continue Reading

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