Wednesday, June 7, 2017

New Colorado law could stimulate stalled condo market

Despite an influx of young adults to the state, Colorado’s condominium market has been stuck in the mud.

The state’s laws regarding construction defects prompted a spate of law suits over the past decade that caused a spike in insurance premiums. Newly passed legislation now requires that a majority of condominium owners approve builder defect lawsuits, not just a majority of the homeowners’ association board.

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