31st Jan, 2008

Legislation Gurantee Basic Property Rights

seal_co.gifA bill designed to strengthen the rights of people, including the disabled, living in housing with homeowner’s associations passed the Colorado House of Representatives by a vote of 61-1 on Friday morning.

HB-1135, sponsored by Rep. Morgan Carroll, D-Aurora, was introduced in the House on Jan. 15.

Homeowner’s associations (HOAs) are organizations of owners of houses, condos and other housing with common community elements. The association maintains such elements, which can include grounds, swimming pools and clubhouses.

The measure, if enacted, would do three major things:

  • Provide for cheaper, faster, more effective dispute resolution, if parties in a dispute want it;
  • Require due process by an impartial fact finder, before fees and fines can be assessed against a homeowner;
  • Require “reasonable accommodation” to units by an HOA for people with disabilities.

“Given the modern reality of HOAs in home and property ownership, we need to ensure that we continue to guarantee basic property rights,” Carroll said. “In many cases, HOAs are aligned with home owners in protecting these rights, but occasionally, they are not.”

A report by the Colorado Legislative Council states the bill would have no fiscal impact, partly because encouraging optional mediation “may actually reduce the number of cases that will ultimately go all the way through the litigation process.”

Real Estate Experience Should Not Be Defined by Years in the Business

Colorado Ski Condition Report

Resource
A Colorado Rental Property Resource for both landlords and tenants can be found at http://www.coloradorentalproperty.net . Online land lords can post detailed information regarding their rental property, including 5 color photos. The ad can be self directed by the landlord to their cell phone or property management company. This is a service provided FREE by RealEstateColorado.Net and the ad will remain on line until it is asked to be removed.


REAL ESTATE
541-elk-circle.jpgIf you would like additional information about real estate in Breckenridge Colorado as well as anywhere in Summit County Colorado contact us at 1-800-791-3990 ext 421.

Jeffery McClintock is a real estate broker in Summit County and prides himself on providing clients with professional guidance in all phases of residential new construction, including market research, product development, consulting, marketing and advertising. His personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your real estate needs. He believes, the most effective way to provide superior service is to build a strong working relationship with you. His system includes regular consultations and feedback, which is the best tool for identifying and clarifying your real estate objectives and help define strategic solutions.

Jeffery has been a licensed Realtor since 1995. During this time he has successfully closed over 135 million dollars of residential real estate, and 40 million dollars in un-improved land amounting to 660 real estate transactions. His professional experience includes the Denver Colorado front range and the Second Home market in Breckenridge, Colorado located in Summit County.

Comments are closed.

Categories