Understanding the Relevance and Applicability of The Colorado Common Interest Ownership Act (CCIOA)
The Colorado Common Interest Ownership Act (CCIOA) is a set of laws that govern the formation, management, powers, and operation of common interest communities (HOAs) in Colorado. While most of the important provisions in CCIOA apply to all common interest communities, regardless of when those communities were created, some provisions apply only to communities created after July 1, 1992. Additionally, common interest communities created before July 1, 1992, are still subject to the older law.
Determining which sections of CCIOA apply to a pre-1992 association can be a complex question, as several variables must be considered, including but not limited to:
- the date in which the community was created;
- the type of community (i.e. co-op, condo, planned community);
- the size of the community; and the amount of expenses the community incurs.
Additional Information on CCIOA Applicability
Local Laws and Ordinances
Denver county has the largest number of registered HOAs in the state. It also has a short-term rental ordinance that may affect how you able to lease your property. Other counties in Colorado may also have short-term rental ordinances. Be sure to check your county's ordinances before engaging in leasing activities.