HOA Homeowners' Rights Task Force

The Colorado Department of Regulatory Affairs (DORA) is conducting a survey and requesting stories for homeowners. This survey is just the beginning of a process.   DORA specially appointed the HOA Homeowners' Rights Task Force to look at HOA issues. They were approved by the Legislature and signed by the Governor earlier this year. This Task Force will be using responses collected in a final report to be presented to the Colorado General Assembly, the Govenor's Office, and the public. https://engagedora.org/hoa-task-force The HOA Rights Task Force’s main priorities are to study issues confronting HOA homeowners' rights, including: Homeowners' associations' fining authority and practices Foreclosure practices Communications with homeowners Availability and method of making certain documents available to HOA homeowners in the association If you live in Colorado and work or reside in a homeowners association – I encourage you to take part in the study and share this widely to your friends and neighbors.

Condo And Co-op Buyer’s Homeowner Association Checklist

Last issue I went into depth about what is a co-op. But while it is good to know, there are very few in the Denver area. However, when you buy any condo or co-op, you’re also buying into a homeowner’s association. Click through for a quick checklist of critical information to get before you finalize the deal... When you buy a condominium or co-op, you agree to pay monthly condo or co-op fees that cover the cost of things like repairs, maintenance, insurance, landscaping and operation of shared amenities like pools or bike paths. That makes it critical to understand the homeowners association’s finances, budget and rules before you buy.  While not every association will have all these items, here’s a list of a dozen items you could ask for before you close your deal: Governing documents (also called declaration and bylaws or codes, covenants and restrictions). Rules, regulations and resolutions not in the governing documents. Policies on pets, parking, collections and rental restrictions. Past year’s financial statements. Most recent reserve study (shows schedule for major repairs and funding level of reserves). A list of any scheduled special assessments. Percentage of unit owners behind in their assessment payments. Information on any lawsuits the community association is involved in. Board and annual meeting minutes for past year. Insurance coverage carried by the community association. Past year’s newsletters. List of architectural violations for the home you’re buying. I'm familiar with many of the community associations here in our market. Contact me and we can discuss buying a condo. Source: Richard L. Thompson www.Regenesis.net Image:  Larry Roberg Fotolia.Com Modified by: Theresa Tscheschke Gunal ; Used courtesy of Dona Dezube, Home Actions, LLC