Signing the wrong document is a common mistake in real estate contracts. However, if it goes undiscovered it can cause major issues for sellers, buyers, and brokers.
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Builders of new construction are not required to use the Colorado Real Estate Commission form contract (“Colorado Form Contract”). The Colorado Form Contract is required to be used by real estate brokers in the transaction for previously owned homes to protect buyers and sellers from common disputes that arise in residential real estate transactions. Because these contracts are usually written by the builder’s attorney in the builder’s favor, the buyer is well advised to have their attorney review any contract for the purchase of new construction.
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Are you about to co-own real property such as a house with a roommate, significant other, or business partner? One of the best ways to ensure a fair and equitable outcome no matter how well the relationship ends is through a tenancy in common. This blog walks you through Colorado law on tenancy in common, the best legal fallout plan for real property co-ownership.
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A vested property right guarantees a developer’s right to follow through with their plan even if future zoning rules would prohibit that type of development. The ability to obtain vested property rights is a matter of public policy. Vested property rights provide stability and follow-through to developers while stimulating economic growth and encouraging the public and private sectors to cooperate in land use planning.
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If you are looking to sell or purchase real estate with a septic system in the state of Colorado, it is important for you to know the local transfer of title requirements, so you don’t get stuck in a sh--, well let’s just say, less than ideal situation. Many Colorado counties have enacted specific regulations regarding septic system requirements for permitting, including certification before a home can be sold, making understanding title transfer even more complicated.
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Are you and your fellow property owners butting heads? Can you never seem to agree on the use of the building? Do you constantly find yourself carrying more than your fair share of the burden of property ownership? A partition action may be just what you need.
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