News and Legal Updates

  • Colorado Springs Begins to Adopt a Construction Defect Ordinance

    Colorado Springs is taking construction defects to a municipal level.  In council chambers filled with builder-advocate groups, Council members recently voted unanimously on the first reading of this ordinance.  The ordinance seeks to restrict the rights of homeowners to hold builders accountable for defective construction. If the ordinance is approved by a final vote set to occur on December 8, the ability to bring claims in the Springs under municipal law will be limited. ...

    by Aaron Goodlock
    Wednesday, 25 November 2015
  • City Regulation of Short Term Lodging

    San Francisco and Washington D.C. have proposed regulation of short term lodging offered by internet providers, like AirBnB.  In response, that company has renewed its pledge of cooperation with cities.  The company has also asserted that the hotel industry “threatens the economic lifeline of home sharing.” HOAs often have issues with short term uses and are left to adopt and implement their own regulations as the issues are different than those of cities.   For more information ...

    by Jonah Hunt
    Friday, 13 November 2015
  • RMC Fall Generic 250

    CAI-RMC Fall Conference!

    Are you attending the upcoming CAI-RMC Fall Conference?  This year's Fall Conference will feature educational sessions on: How to build a better HOA board HOA crisis and reputation management Roundtable discussions on insurance, banking, legal and legislative issues. The Fall Conference is being held Thursday, November 12th at the Curtis Hotel in Downtown Denver.  You can register online now through CAI’s website.  The registration fee includes brunch, five education sessi ...

    by Andrea Daigle
    Monday, 02 November 2015
  • Could Denver Be The Next City to Pass a Construction Defect Ordinance?

    A recent announcement from the City and County of Denver suggests that Denver may be following suit with other cities by introducing a new ordinance to address construction defect reform.   The proposed ordinance would place restrictions on the rights of condominium associations and HOAs to bring actions against developers and builders alleging construction defects. Although the proposed ordinance includes aspects similar to construct defect ordinances recently approved in other cities, it ...

    by Aaron Goodlock
    Thursday, 15 October 2015
  • Disclosure small

    New Federal Rules Require 3 Day Disclosures by Management Companies and HOAs

    The Consumer Financial Protection Bureau has implemented a new rule requiring disclosure of HOA costs and fees in 3 business days.  This includes CIC documents, transfer/record change fees, status letter fees, assessments and dues and working capital. To comply with this 3 day requirement, title companies are expected to request HOA information and figures at least 3 weeks prior to closing. HOA management companies and self-managed HOAs should expect an influx of urgent inquiries for timel ...

    by Jerry Orten
    Tuesday, 22 September 2015
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