Recently, one of the largest apartment companies in Colorado came out on top in a legal battle with Airbnb over illegal short-term rentals. The company, Aimco, sued Airbnb after residents were upset with short-term renters at a number of the company's properties.
The City of Denver recently announced that it was terminating its contract with the real estate developer it hired to expand the Colorado Convention Center. The expansion is set to cost the city $233 million. However, the city recently discovered the developer engaged in bidding misconduct.
Imagine looking out into your backyard and seeing Colorado's beautiful and majestic federal public lands. For some lucky Colorado residents, this is not a dream in their imaginations. It is their reality of life.
A bullet-point list of problematic issues that can arise during the course of construction transactions is decidedly lengthy. Construction principals are many and diverse (ranging from buyers and sellers to lenders, contractors, architects and more). Projects typically face time constraints. Contracts are complex and lengthy. And money is understandably a key concern.
For readers of our Denver real estate legal blog who might be unfamiliar with the acronyms in the above post headline, we'll quickly spell them out: homeowners association covenants, conditions and restrictions.
Many prospective buyers of Colorado residential or commercial property might underestimate the importance of thoroughly vetting title-linked issues prior to a closing, being understandably focused on many additional matters.
Many sellers and purchasers of Colorado properties are likely well acquainted with earnest money and its purpose in a residential real estate transaction.
We noted in our immediately preceding blog post that easements "are prevalent in real estate transactions in Colorado and nationally" and can be materially important to contracting parties.
Let's talk about easements.
If you have decided to rent a property, you know that a strong economy and fewer homes on the market mean that demand is high and supply is low. That means it's more likely you will face rent increases in the near future.