To update our previous post, Colorado Senate Bill 12-181 regarding construction contracts failed today in the Senate Business, Labor and Technology Committee by a vote of 6-1.
Proposed Legislation Would Profoundly Impact Colorado Construction Contracts
A last minute bill has been introduced in the Colorado Senate. Colorado Senate Bill 12-181, introduced last week by State Senator Lois Tochtrop, proposes new requirements related to construction projects in Colorado. These proposed changes are not favorable to property owners in Colorado and will limit the ability of property owners to negotiate business terms
The HOA Information and Resource Center – One Year Later
It has been a little over a year since the requirement that Colorado property owners’ associations register with the newly created HOA Information and Resource Center went into effect. The center’s 2011 annual report is out (and a copy of it is provided below). According to the annual report, in 2011, 8,037 property owners’ associations
Investing in Condo Units? Time to Look at FHA Approval Issues
Developers often secure FHA approval for their condominium projects, enabling buyers to obtain FHA loans. Whether or not those approvals remain in place is left to the owners’ association for the project. As investors continue to snap-up condominium units one at a time or in bulk, it is important to review the status of the
An E-Mail Exchange May Create a Contract
Negotiations occurring over e-mail may, in certain circumstances, create a binding contract. Two cases out of New York have held that where a meeting of the minds is evident through email correspondence, a contract can arise.
- Naldi v. Grunberg: Although the court ultimately determined there was no “meeting of the minds” of the parties