The Role of Easements in Colorado Resource Conservation
By Frederick J. Steimling, Esq. An easement is a legal right to use another person’s land for a specific purpose. In Colorado, easements are common in both residential and commercial property transactions and can significantly affect how land is used, developed, or preserved. Whether you are buying, selling, or protecting property, understanding the different types […]
Colorado Legislative Updates Landlords Should Know
By Timothy P. Brynteson, Esq. In recent years, Colorado’s Legislature has enacted sweeping reforms to landlord-tenant law that significantly impact lease terms, habitability standards, and eviction processes. Whether managing a single property or a large portfolio, landlords should review their leases and procedures to ensure compliance with these recent changes. Starting January 1, 2025, all […]
What Is The Generation-Skipping Transfer Tax?
By Corey W. Moore, Esq. When planning for tax implication upon death, most client questions revolve around the Federal Estate and Gift Tax and the corresponding exemption ($13,990,000 for 2025). However, there is potentially another tax that wealthier individuals need to take into consideration when planning their estates, the Generation-Skipping Transfer (GST) Tax. The GST […]
Due Diligence for Zoning in a Commercial Real Estate Purchase
By Stacey L. Shea, Esq. When considering the purchase or lease of commercial real estate, there are a number of due diligence steps that one should take before committing. One important step in the due diligence process is understanding the property’s zoning and if it aligns with your intended use. The current use of property […]
A House Divided: Separating Interests in Real Estate Through Partition Actions
By: Lia Szasz, Esq. Under Colorado law, a partition action is a legal proceeding used to divide or sell jointly owned real estate. When co-owners can’t agree on how to manage, use, or sell their property, Colorado’s partition statute provides a mechanism to separate their interests. Any co-owner can initiate a partition lawsuit independently. A […]
Letters of Intent: Are They Necessary?
By Derrick K. Galantowicz, Esq. A Letter of Intent (LOI) acts as a preliminary document outlining several basic and essential terms and conditions of a potential business transaction. They are generally not legally binding and are seen by some as an unnecessary formality, but they can play an impactful role in shaping a future Purchase […]
Colorado Legislature Gives Local Governments First Dibs on Certain Multifamily Properties
By Stacey L. Shea, Esq. While it is not unusual for surprises to pop up during due diligence reviews when buying or selling multifamily residential real estate, there will now be one more due diligence consideration to add to the list. Effective August 7, 2024, Colorado House Bill 24-1175 will act to provide local governments […]
The Need for Estate Planning
By: Corey W. Moore, Esq. June 4, 2024 Estate planning is not just for the wealthy or elderly; it is a vital task that every adult individual should undertake. At its core, estate planning involves making arrangements for the management and distribution of one’s assets and belongings in the event of incapacity or death. While […]
Commercial Landlords & Property Managers Beware! Alleged Discrimination May Impede Eviction
By: Lee J. Morehead, Esq. May 5, 2024 On February 20, 2024, the Colorado Supreme Court ruled that a tenant could allege violations of the Colorado Fair Housing Act as a defense to an eviction proceeding. Previously, tenants had to countersue for the alleged violations, thus allowing the eviction process to proceed while the discrimination […]
Revocable Living Trusts for Second Homes
By Timothy P. Brynteson, Esq. Many residents of Colorado own real estate in other states. If you own a condo, townhome or other piece of real estate in such popular destinations as Florida, Arizona or California, you may want to consider holding the property in a Revocable Living Trust located here in Colorado. While many […]
