HOA Center

To help ensure homeowners and commercial property owners in Colorado have access to property insurance even in areas prone to natural disasters or other risks, the legislature passed HB23-1288, which created the Fair Access to Insurance Requirement (“FAIR”) Plan.

Did you know your homeowner’s association (HOA) is governed by a set of legal documents? Most know of the Declaration of Covenants, Conditions, and Restrictions (or “CC&R’s”), but there are other records unit owners and board members need to be aware of.

In addition to providing Colorado consumers with information about their basic rights and responsibilities under the Colorado Common Interest Ownership Act (“CCIOA”), did you know the HOA Information and Resource Center also accepts and tracks complaints?

What exactly does an HOA Board do? Both the Colorado Common Interest Ownership Act (“CCIOA”) and the Colorado Nonprofit Corporation Act have quite a lot to say about the duties and responsibilities of these various leadership positions one might find in a common interest community.

The HOA Information and Resource Center commonly hears from HOA board members and unit owners concerned about how difficult it is to find qualified community association managers (“CAMs”).

On October 15, 2024, the Colorado Office of Policy, Research & Regulatory Reform (“COPRRR”) released its Sunset Report on the HOA Information and Resource Center.

With the end of the 2024 calendar year quickly approaching, it is time for many Common Interest Communities in Colorado to consider their budgets for the next year.

This HOA Forum will be presented in Spanish -The HOA Information & Resource Center strives to ensure all Colorado consumers - including our Spanish-speaking stakeholders. Please join the HOA Center’s Program Assistant, Amanda Lopez, for a presentation in Spanish on how to navigate the HOA Complaint form, including how to file an online complaint.

As an HOA-interested party, you should be aware of an important bill that became law on August 7, 2024. Senate Bill 24-021 (“SB24-021”) requires the HOA Information and Resource Center to identify likely affected communities and send a notification to each relating to the requirements of the bill no later than November 1, 2024.

The 2024 Legislative Session was a very busy one. Although some bills were lost, many did become law. All licensees, but also consumers, should be aware of those laws that affect the real estate practice. The Division of Real Estate has prepared the following legislative summaries to aid you in better understanding the latest changes. Final language of these acts and other information about the Colorado General Assembly can be found on the Colorado General Assembly’s website at: https://leg.colorado.gov/