Take Heed of New Licensing Requirements for 2015

The Department of Regulatory Agencies Real Estate Division is putting new licensing requirements into effect for 2015.  Community association managers and those who have a vested interest in homeowner associations, cooperatives and condominiums will need to take heed of the new license requirements.  Read Jerry's full article as appeared in the Colorado Real Estate Journal.

April is Fair Housing Month

In addition to consultations with our attorneys to resolve fair housing issues, consider the follolwing resources:

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First Construction Defects Bill Passes Through Committee

A Colorado Senate committee – the State, Military and Veteran Affairs Committee – voted to decrease the amount of time homeowners have to assert construction defects. The committee vote occurred March 16th on Senate Bill 15-91. The time to sue would be reduced from 6 years to 5 for single family homes. A separate bill, Senate Bill 15-177, has not yet been heard by a committee. That bill would impose restrictions on the ability of homeowners associations to sue for defects. Opposition to these bills is driven by public policy that homeowners and HOAs should be allowed to hold builders accountable and encouraging quality construction. SB 15-91 now moves to the full Senate for further consideration.

Proposed Reduction of Time HOAs Could Pursue Construction Defects

A Senate Bill is pending, 15-091, to reduce the time allowed to pursue construction defects from 6 to 3 years.  If a claim arises in the second or third year the HOA would have just 1 year after the cause of action arises.  If passed, these time periods would be among the shortest in the country. Claims of some HOAs would be eliminated.  A hearing on this bill will be held by the Senate Judiciary Committee on March 16, 2015. Attend the hearing, or listen to it online.

Quarterly HOA Manager Breakfast

The Rocky Mountain Chapter of CAI now has quarterly manager breakfasts – designed specifically for HOA managers and only managers.  No HOA board members, HOA attorneys or others are allowed!

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