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In many jurisdictions, depending on applicable state law, the standard rule is that 80 percent of the members of the community must vote in favor of dissolving the HOA. This is typically the case, unless the HOA documents state otherwise or provide for a different rule.
A community is a common interest community if its declaration provides for the payment of mandatory assessments by virtue of owning property described in the declaration. If the declaration does not provide an assessment obligation, in some cases, an assessment obligation may be implied, as a matter of law.
To sum up, the rights of a condominium unit owner are the following: Right of absolute ownership over his unit. Right of exclusive easement of the space of his unit. Right to repair, paint, decorate the interior of his unit.
The Colorado Legislature enacted CCIOA effective in 1992 to regulate Colorado HOAs, however, not all provisions apply to pre-1992 HOAs. CCIOA is a very long and complicated statute and has been amended over 30 times.
The HOA Information and Resource Center (The HOA Office)Email HOA questions to the HOA Office (doradrehoainquiries@state.co.us)1560 Broadway, Suite 925, Denver, CO 80202.Phone: 303-894-2166 Toll Free: 800-886-7675.Fax: 303-894-2683.
In general, we recommend that they be reviewed at least every ten years to make sure that they are up to date with current laws and practice. However, a sooner review may be warranted whenever there are significant changes to Colorado law addressing homeowners associations (for example, Senate Bill 05-100).
Common-interest communities, also known as common-interest developments or CIDs, include condominiums, coops, retirement communities, vacation timeshares, and other housing developments comprised of individually owned units, in addition to shared facilities and common areas.
Colorado Department of Regulatory Agencies - Civil Rights Division administers the state's civil rights laws, including the fair housing act. Victims of housing discrimination can file a complaint with this agency or HUD within one (1) year from the date of the discriminatory act.
Call an association meeting and ask for a vote on dissolving the HOA. If approved, have the agreeing members sign the termination agreement. Settle any debts, dispose of assets belonging to the HOA, and file the necessary documentation with the SOS to complete the dissolution.
The Colorado Common Interest Ownership Act (CCIOA) is a set of laws that govern the formation, management, powers, and operation of common interest communities (HOAs) in Colorado.