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 […]
Is Your Property Titled Correctly?
By Timothy P. Brynteson, Esq. Most couples assume that if one them dies, their home or other real estate will pass automatically to their spouse. Normally couples own their home or other real estate “jointly” – in other words they own it together, or both of their names are on the title. While this is […]
Considering Options for Your Home If You Are Concerned About Long-Term Care
By Timothy P. Brynteson, Esq. Many of our older clients are worried about two things: 1) having the resources to afford long-term care, or qualifying for government assistance if they don’t, typically Medicaid; and 2) they want to leave their house to their heirs if it is one of their primary assets. These concerns are true […]
