Beware of the ‘ROFR’ 11:09, January 8, 2020

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Category: Real Estate

Right of First Refusal What is a “ROFR”?  The acronym stands for “Right of First Refusal.”  It is an option to purchase real property exercisable by the holder of the ROFR upon an offer to purchase a property made to a Seller by a third party that Seller is willing to accept.  People often confuse […]

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The Colorado legislature recently amended the Colorado statute relating to a tenant’s ability to cure lease defaults and avoid eviction. Under the amended eviction statutes, Colorado residential tenants will have additional time to cure defaults alleged by landlords. Before the enactment of House Bill 19-1118, a residential tenant generally had 3 days after written notice […]

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Governor Polis recently vetoed legislation which would have extended the licensing program for Colorado Association Managers. Pending an override veto from the Colorado General Assembly, Colorado’s licensing requirement will end on June 30, 2019. Therefore, starting July 1, 2019, Community Association Managers will no longer be required to be licensed. When vetoing the extension of […]

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