Bill Summary Current law prohibits a written rental agreement from including: An unreasonable liquidated damages clause that assigns costs to a party based on an eviction notice or eviction action; or a one-way, fee-shifting clause that awards attorney fees and court costs only to one party. A fee-shifting clause in a rental agreement must award attorney fees to the prevailing party. The bill … [Continue reading...]
House Bill 23-1068 – Pet Ownership in Housing
Bill Summary According to section 2 of the bill, insurers cannot deny coverage based on the breed or combination of breeds of dogs that reside at the insured dwelling, but can deny coverage if there is a specific dangerous dog on the property. A dog's breed or mixture of breeds is also prohibited from being inquired about by insurers except if the dog is known to be dangerous or has been … [Continue reading...]
HB23-1095 – Rental Agreement Prohibited Provisions
HB23-1095 Prohibiting the inclusion of certain provisions in written rental agreements. According to current law, a written rental agreement cannot include: Liquidated damages clauses that assign costs to a party arising from an eviction notice or eviction action for a violation of the rental agreement; or Fee-shifting clauses that award attorney fees and court costs to one party … [Continue reading...]
SB22-238 – 2023 And 2024 Property Tax
For the years 2023 and 2024, reducing the real property taxation, reducing the assessment rates for certain classes of nonresidential property and residential property, and adjusting the amount of actual value to which the assessment rate will apply for all residential real estate and commercial property in 2023.; reducing the assessment rates for all multi-family residential real property to a … [Continue reading...]
SB22-146 – Middle Income Access Program Expansion
Making an appropriation for the Colorado Housing and Finance Authority's Middle Income Access Program. In the act, $25 million is appropriated for the expansion of the middle income access program created and administered by the Colorado Housing and Finance Authority (CHFA) from the affordable housing and home ownership cash fund, which comes from the general fund. To administer the funds … [Continue reading...]
SB22-072 – Grants To Incentivize Home Use For Renters
The creation of a grant program to award grants to homeowners who rent out residential space in their homes on a long-term basis to individuals seeking housing. The bill creates the grants to homeowners to make residential space available to renters grant program (grant program) as a pilot program within the division of housing (division) within the Department Of Local Affairs (DOLA). State … [Continue reading...]
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