Title 38, Property - Real and Personal
0 chapters · 857 sections in this title.
Colo. Rev. Stat. § 38-33-101 Short title
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This article shall be known and may be cited as the Condominium Ownership Act. Source: L. 63: p. 782, � 1. C.R.S. 1963: � 118-15-1.
Colo. Rev. Stat. § 38-33-102 Condominium ownership recognized
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Condominium ownership of real property is recognized in this state. Whether created before or after April 30, 1963, such ownership shall be deemed to consist of a separate estate in an individual air space unit of a multiunit property together with an undivided interest in common…
Colo. Rev. Stat. § 38-33-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Condominium unit means an individual air space unit together with the interest in the common elements appurtenant to such unit. (2) Declaration is an instrument recorded pursuant to section 38-33-105 and which de…
Colo. Rev. Stat. § 38-33-104 Assessment of condominium ownership
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Whenever condominium ownership of real property is created or separate assessment of condominium units is desired, a written notice thereof shall be delivered to the assessor of the county in which said real property is situated, which notice shall set forth descriptions of the c…
Colo. Rev. Stat. § 38-33-105 Recording of declaration - certain rules and laws to apply
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(1) The declaration shall be recorded in the county where the condominium property is located. Such declaration shall provide for the filing for record of a map properly locating condominium units. Any instrument affecting the condominium unit may legally describe it by the ident…
Colo. Rev. Stat. § 38-33-105.5 Contents of declaration
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(1) The declaration shall contain: (a) The name of the condominium property, which shall include the word condominium or be followed by the words a condominium; (b) The name of every county in which any part of the condominium property is situated; (c) A legally sufficient descri…
Colo. Rev. Stat. § 38-33-106 Condominium bylaws - contents - exemptions
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(1) Unless exempted, the administration and operation of multiunit condominiums shall be governed by the declaration. (2) At or before the execution of a contract for sale and, if none, before closing, every initial bona fide condominium unit buyer shall be provided by the seller…
Colo. Rev. Stat. § 38-33-108 Violations - penalty
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Any person who knowingly and willfully violates the provisions of section 38-33-106 or 38-33-107 is guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine of not more than five hundred dollars. Source: L. 75: Entire section added, p. 1434, � 1, effectiv…
Colo. Rev. Stat. § 38-33-109 Unit owners' liability
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In any suit or arbitration against a condominium unit owners' association wherein damages are awarded or settlement is made, the individual unit owner's liability in his capacity as a percentage owner of the general or limited common elements or as a member of the condominium ass…
Colo. Rev. Stat. § 38-33-110 Time-sharing - definitions
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As used in this section and section 38-33-111, unless the context otherwise requires: (1) (a) Interval estate means a combination of: (I) An estate for years terminating on a date certain, during which years title to a time share unit circulates among the interval owners in accor…
Colo. Rev. Stat. § 38-33-111 Special provisions applicable to time share ownership
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(1) No time share estates shall be created with respect to any condominium unit except pursuant to provisions in the project instruments expressly permitting the creation of such estates. Each time share estate shall constitute for all purposes an estate or interest in real prope…
Colo. Rev. Stat. § 38-33-112 Notification to residential tenants
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(1) A developer who converts an existing multiple-unit dwelling into condominium units, upon recording of the declaration as required by section 38-33-105, shall notify each residential tenant of the dwelling of such conversion. (2) Such notice shall be in writing and shall be se…
Colo. Rev. Stat. § 38-33-113 License to sell condominiums and time shares
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The general assembly hereby finds and declares that the licensing of persons to sell condominiums and time shares is a matter of statewide concern. Source: L. 83: Entire section added, p. 594, � 5, effective May 25. Cross references: For the licensing of real estate brokers and s…