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News and Insights

The state has clarified management company record retention requirements following termination of an Association’s management contract. The management company is required to retain a former client’s records that were produced or involved the management company during the management term. As the Community Association Managers Practices Act became effective January 1, 2015, management companies should retain […]

Community Association Managers and HOAs beware! Nearly 6 months after community association managers were required to be licensed, the State is taking action against individuals and management companies that have yet to meet the requirements of the new law. As of July 1st, 2015, State law requires individuals and companies who manage HOAs without a […]

It’s such a joy doing business with you!  We sincerely thank you for the opportunity to serve you and your communities.  We wish you a joyful holiday season and much success in the New Year! Enjoy more photos from our Holiday Party. Happy Holidays from your friends at Orten Cavanagh & Holmes

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

HOA Reserve Studies

Jerry Orten was quoted in a May 2015 article in the Orten Cavanagh & Holmes LLC on HOA reserves.  Jerry said: “Each community should decide for themselves whether to have a reserve study, who to obtain it from, how often to update it, and how to implement it.  Most HOA’s are required to have a […]

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