House Bills 20-1009 & 20-1332 – Explained
House Bill 20-1009 and 20-1332 were signed into law in 2020. We’ll go over what that means so you’re fully informed.
Continue Reading →Welcome to the Legislation Category
SB20-108: New Requirements for Landlords and Property Managers — Postpone Indefinitely
**House Committee on Business Affairs & Labor Postpone Indefinitely** Managing relationships with tenants is a crucial part of any landlord or property manager’s day-to-day. It’s important to safeguard your investment, of course, but equally as important to ensure your tenants feel safe, appreciated, and protected. One way landlords and property managers can keep their investment and tenants safe, is to…
Continue Reading →Clear Cooperation Policy: What it Means
The world of Real Estate is always changing, like the Clear Cooperation Policy that was implemented in January of 2020—what does it mean? We’ll walk you through it.
Continue Reading →Updates to Colorado Renting Laws – Application Fees
In the 2019 Legislative session, Colorado Congress passed several laws relating to rental properties. We’ll cover most of them over the next few months but we’ll start with HB19-1106 (Rental Application Fairness Act). This bill sets regulations on the process of charging application fees. This is a standard practice among landlords and property managers, but the bill seeks to create…
Continue Reading →2012 Wrap Up
Well,how did we do in 2012? I have wrapped up the highlights of 2012 in this short report full graphs and numbers. It includes information on the legislation front; rental market in Metro Denver, various vacancy rates by markets & dwellings, rent survey; Unemployment figures; Hiring; Home sales &Prices; new homes; and supply of homes on the market. Enjoy. 2012WrapUp
Continue Reading →Yet Another Bill Introduced
Yet Another Bill Introduced, Senate Bill 12-162. “CONCERNING VERIFICATION OF REMEDIATION PERFORMED ON PROPERTY CONTAMINATED BY AN ILLEGAL DRUG LABORATORY”. Below are excerpts from the bill: (Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary…
Continue Reading →Pertaining Laws
Law & Regulations investors and managers should know: Risk-Based Pricing & Credit Score Disclosure HB10-1278 HOA Registration LBP Compliance Guide LBP Pamphlet Renovate Rights Pamphlet HB09-1276 Delayed Foreclosure HB10-1249 Expedited Sale Protecting Tenants in Foreclosure HB08-1356 Warranty of Habitability HB09-1091 Carbon Monoxide Law
Continue Reading →FTC Mortgage Acts and Practices— Advertising Effective August 19, 2011
A new rule from the Federal Trace Commission aimed to deter deceptions in mortgage advertising. The rule imposes record keeping among other things on those impacted by the rule. “The Rule will impact real estate professionals that provide this information to consumers, such as giving a consumer a lender’s rate sheet.” According to the National Association of Realtors. Federal Register…
Continue Reading →New Credit Score Disclosure
The Fair Credit Reporting Act (FCRA) was enacted in 1970 to promote accuracy, fairness and privacy of the consumer information collected by consumer reporting agencies (CRAs). There has been a number of amendments in using consumer credit reports to make rental decisions, specifically the adverse action notice. Dodd-Frank Wall Street Reform and Consumer Protection Act amends the FCRA to require…
Continue Reading →Bill Banning Real Estate Transfer Fees
Senate Bill 11-234 would ban private real estate transfer fees, which have been added to homeowner association covenants during the development phase to fund an investment scheme cooked up by Manhattan-based Freehold Capitol Partners. The covenants are set up to require that a percentage of the sale price of a home be paid to a private 3d party every time…
Continue Reading →New Rules for Mortgage Servicers Face Early Criticism
The New York Times: Mortgage Servicers will be required to bring in a consultant to investigate complaints by homeowners who lost money because of foreclosure processing errors in 2009 and 2010. In some cases the homeowners could be compensated. http://www.nytimes.com/2011/04/11/business/economy/11foreclose.html
Continue Reading →Colorado’s Marijuana Rules up for Public Hearing
2-day discussion on how medical marijuana is grown and sold. See Daily Camera article.
Continue Reading →Rental Registration in City of Westminster
Effective 1/1/2011 all rental property owners in the City of Westminster must register with the city and obtain a rental license.This registration must be completed by March 1, 2011. There are restrictions, licensing fee, and inspection fees applicable.
Continue Reading →HB-1278: HOAs Must Register
HB-1278 – All Homeowners Associations governed by CCIOA (Colorado Common Interest Ownership Act) must, annually, register and pay the required fees, with the Colorado Department of Regulatory Agencies Division of Real Estate. This bill is effective 1/1/2011. All registrations must be completed online prior to March 1, 2011. The registrations must be renewed annually. An association is exempt from the…
Continue Reading →Fire Safety Code May Ease In Arvada
The Denver Post published an article yesterday (5/23/2010) that the City of Arvada my change or ease a fire safety code that is hindering the resale of some homes. The code is part of the 2006 International Property Maintenance Code adopted by the City of Arvada and other metro-area cities. The code disallows the sale, lease, disposition of non-conforming homes….
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