The cost of housing has increased dramatically in Colorado. The average cost of buying a house has gone up 49% in the last 5 years (10% per year). The average rent rate has increased 18% over that same period of time (3.6% per year). Perhaps because many people own houses, the increased cost of... Continue Reading
The Centers for Disease Control (CDC) forced the United States Supreme Court to legally slap the agency (and the Biden Administration) exceptionally hard in Alabama Association of Realtors, et al. v. Department of Health and Human Services. The Court had performed legal backflips to allow the CDC... Continue Reading
The Director of the Centers for Disease Control and Prevention (CDC) had imposed a nationwide moratorium on evictions of any tenants who make certain declarations of financial need. The U.S. District Court for the District of Columbia has issued an Order overturning the CDC eviction order on the... Continue Reading
The order applies to counties with high COVID-19 cases. While the Order is "new," it is essentially an extension of the previous CDC Order that has been in place since September 2020. Continue Reading
Recapping the most challenging legislative session for housing providers in Colorado history The most challenging legislative session for housing providers in Colorado history has now ended. This was the Year of The Crisis. The sheer number of anti-landlord bills, coupled with the erratic nature... Continue Reading
You may recall that last summer, our Colorado legislature passed two bills which made “source of income” and “immigration status” protected classes statewide. We want to remind you that these laws have now taken effect as of Jan 1, 2021. If you have not already done so, you... Continue Reading
Important Documentation to Include in Rent Demands Continue Reading
On April 24, President Trump signed into law The Paycheck Protection Program (PPP) and Healthcare Enhancement Act (HR 266), allocating an additional $310 billion to the lending program administered by the Small Business Administration (SBA). The bill also provides an additional $60 billion to the... Continue Reading
QOZ. QOF. QOZBP. Most individuals who own or provide services for commercial real estate have heard these terms floating around, nevertheless how many of us truly understand the opportunity and are in a position to use it to our advantage. WHAT & WHY: QOZ & QOF The Qualified Opportunity... Continue Reading
Last year the Colorado legislature enacted a new statute dealing with landlord and tenant obligations regarding bedbugs (C.R.S. 38-12-1001). The legislation had a delayed effective date of January 1, 2020. Consequently, now is good time to revisit the requirements of the new law. The issues can... Continue Reading
The new notice requirements of Colorado’s Warranty of Habitability (effective August 2, 2019) require a landlord to type, long before making repairs. The requirements are specific and time sensitive. They will doom the reasonable, but inexperienced landlord to losing the dispute, regardless... Continue Reading
The record-breaking amount of new apartment construction in the last several years has yielded exactly what economists would predict: rent growth has fallen from double digit highs earlier this decade to below the rate of inflation over the last 12 months. You read that right: average rents are... Continue Reading
