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.

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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CAI-RMC Fall Conference!

Are you attending the upcoming CAI-RMC Fall Conference?  This year's Fall Conference will feature educational sessions on:

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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.  

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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.

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