HB24-1383
Common Interest Community Declarations
Concerning declarations that form common interest communities under the "Colorado Common Interest Ownership Act".
Session:
2024 Regular Session
Subject:
Bill Summary
Housing
Under the "Colorado Common Interest Ownership Act" (CCIOA), every common interest community must be formed by the execution and recording of a declaration. The CCIOA does not state who is required to execute the declaration. The bill clarifies that:
- A declaration that forms a common interest community must be executed by or with the express written authorization of the owner or owners of the real estate that is to be included in the common interest community; and
- Any amendment to a declaration that adds real estate to a common interest community must be executed by or with the express written authorization of the owner or owners of the real estate to be added.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)