Unmatched Property Damage Exclusion

Recently we learned that a nationwide property insurer has adopted an additional endorsement which becomes part of the association’s property insurance policy upon its renewal.

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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.”

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Regulating Short Term Rentals

Many Colorado cities, just like HOAs, are considering regulating short term rentals.  The Colorado Springs Gazette recently reported on the impact of short term rentals in both Manitou Springs and the Springs.  Manitou currently has a moratorium in place on new short term rental licenses until it enacts new rules, which it aims to do in November 2015.  In Colorado Springs, owners who rent short term must get a sales tax license and collect both sales and lodging tax for each stay less than 30 days.

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Lakewood Passes Construction Defect Ordinance

The City of Lakewood has passed Ordinance 21, which places additional obstacles on residents and associations to have construction defects corrected.  The ordinance passed on a 7-4 vote. 

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Denver, CO 80202
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Colorado Springs

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Colorado Springs, CO 80903
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