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Changing law for Homeowner and condominium associations!
The new 2005 Colorado law governing common interest ownership associations in Colorado made a number of important changes affecting all associations. The following items are a quick summary of some key new requirements for the administration of associations. Most of this new law is effective starting January 1, 2006.
- Homeowner and condominium associations in Colorado have a new requirement to conduct a bi-annual audit or review of their books and records.
- Association financial records must be maintained on the accrual basis.
- There are new owner meeting notice and owner participation requirements.
- Architectural and declaration requirements are modified.
- Annual training of owners is required.
Quandt and Snow, LLC is a CPA firm with trained and experienced CPA’s. We specialize in assistance to homeowner associations and can provide assistance to meet your needs in the following areas.
- Tax preparation services
- Annual training
- Consulting services
Contact us at
teresia@quandtandsnow.com
or laura@quandtandsnow.com,
970-668-5850 or 970-328-7300 for questions or requests.
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