8.22.2013

Homeowners' Associations

In Colorado, homeowners' associations (or HOAs) are under the control of the law known as the Colorado Common Interest Ownership Act.  The Act, passed in 1991, was recently updated with HB11-1124, which clarifies conflict of interest of an HOA's executive board.  Colorado's HOA laws can be complex, but two publications have recently been issued to help clarify these laws.  The Colorado Legislative Council's Homeowners' Associations Issue Brief from 2011 explains the laws in plain language.  Additionally, the Colorado Dept. of Regulatory Agencies has begun issuing an Annual Report of the HOA Information and Resource Center.  The Resource Center is an educational progam sponsored by the Division of Real Estate; for more information, see their HOA webpage.





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