Concerning the elimination of a judicially created requirement that a significant number of consumers be harmed before remedies may be available under the "Colorado Consumer Protection Act". BILL SUMMARY The bill establishes that evidence that a person has engaged in an unfair or deceptive trade practice constitutes a significant impact to the public. (Note: This summary applies to the … [Continue reading...]
HB24-1011 Mortgage Servicers Disburse Insurance Proceeds
Concerning mortgage servicers, and, in connection therewith, requiring mortgage servicers to take certain actions regarding the disbursement of insurance proceeds to borrowers. BILL SUMMARY The bill requires a mortgage servicer to disclose certain information to a borrower concerning the disbursement of insurance proceeds to the borrower in the event that a residential property that is subject … [Continue reading...]
HB24-1007 Prohibit Residential Occupancy Limits Concerning residential occupancy limits.
BILL SUMMARY The bill prohibits local governments from enacting or enforcing residential occupancy limits unless those limits are tied to a minimum square footage per person requirement that is necessary to regulate safety, health, and welfare based on familial relationship while allowing local governments to implement residential occupancy limits based on demonstrated health and safety standards … [Continue reading...]
Time to prepare for 1099s
Our Landlord Clients are the intended recipients of this blog article. It’s that time of year again…time to prepare for 1099s! Each January, we generate our clients and third-party vendors 1099s to capture and report the previous year’s income to both you and the IRS. If you haven’t already, please reach out to your Accounting Specialist and make sure your mailing address is correct, especially … [Continue reading...]
Information about Radon in Residential Real Property Transactions
What is Radon? The natural decay of Uranium in rocks, soil, and groundwater produces Radon, a radioactive gas. A home's foundation and cracks allow Radon Gas to enter. Houses trap gas inside, which can increase to unsafe levels. The substance is colorless, odorless, and tasteless. In non-smokers, radon is the leading cause of lung cancer. Radon levels are high in most of Colorado and … [Continue reading...]
Colorado Residential Leasing Changes in 2023
Residential landlord-tenant relationships were impacted by several bills passed by the Colorado General Assembly during its 2023 session. Several of these bills (but not all) were signed by Governor Polis into law. Residential lease agreement templates may need to be updated in light of these new laws. In other cases, landlords and property managers will have to adjust the way they conduct … [Continue reading...]
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