reglab/housing_qa huggingface dataset:
CO Code § 38-33-101 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-101. Short Title

 This article shall be known and may be cited as the “Condominium Ownership Act”.   History. Source: L. 63: P. 782, § 1. C.R.S. 1963: § 118-15-1. History. Source: L. 63: P. 782, § 1. C.R.S. 1963: § 118-15-1.    ANNOTATION   Law reviews. For article, “Rights of First Refusal in Condominium Documents”, see 11 Colo. Law. 389 (1982). For symposium on condominium law and practice, see 11 Colo. Law. 2734 (1982).
CO Code § 38-33-102 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-102. Condominium Ownership Recognized

 Condominium ownership of real property is recognized in this state. Whether created before or after April 30, 1963, such ownership shall be deemed to consist of a separate estate in an individual air space unit of a multi-unit property together with an undivided interest in common elements. The separate estate of any condominium owner of an individual air space unit and his common ownership of such common elements as are appurtenant to his individual air space unit by the terms of the recorded declaration are inseparable for any period of condominium ownership that is prescribed by the recorded declaration. Condominium ownership may exist on land owned in fee simple or held under an estate for years.   History. Source: L. 63: P. 782, § 1. C.R.S. 1963: § 118-15-2. L. 69: P. 982, § 1. History. Source: L. 63: P. 782, § 1. C.R.S. 1963: § 118-15-2. L. 69: P. 982, § 1.    ANNOTATION   Law reviews. For article, “Converting a Duplex: Party Wall Declaration and Other Considerations”, see 11 Colo. Law. 1201 (1982). For article, “Representing a Purchaser of a Time Share”, see 11 Colo. Law. 1543 (1982). For symposium on condominium law and practice, see 11 Colo. Law. 2734 (1982).   Legislative intent. The intent of the General Assembly in providing for the establishment of estates in airspace was to subject all such estates to those legal provisions historically and by statute applicable to the traditional estate in real property. Ass'n of Owners, Satellite Apt., Inc. v. Otte, 38 Colo. App. 12, 550 P.2d 894 (1976).   Where common elements were owned by a townhome owners association, townhome complex did not constitute a condominium. Trailside Townhome Ass'n, Inc. v. Acierno, 880 P.2d 1197 (Colo. 1994).
CO Code § 38-33-103 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-103. Definitions

 As used in this article, unless the context otherwise requires:    “Condominium unit” means an individual air space unit together with the interest in the common elements appurtenant to such unit.    “Declaration” is an instrument recorded pursuant to section 38-33-105 and which defines the character, duration, rights, obligations, and limitations of condominium ownership.    Unless otherwise provided in the declaration or by written consent of all the condominium owners, “general common elements” means: The land or the interest therein on which a building or buildings are located; the foundations, columns, girders, beams, supports, main walls, roofs, halls, corridors, lobbies, stairs, stairways, fire escapes, entrances, and exits of such building or buildings; the basements, yards, gardens, parking areas, and storage spaces; the premises for the lodging of custodians or persons in charge of the property; installations of central services such as power, light, gas, hot and cold water, heating, refrigeration, central air conditioning, and incinerating; the elevators, tanks, pumps, motors, fans, compressors, ducts, and in general all apparatus and installations existing for common use; such community and commercial facilities as may be provided for in the declaration; and all other parts of the property necessary or convenient to its existence, maintenance, and safety, or normally in common use.    “Individual air space unit” consists of any enclosed room or rooms occupying all or part of a floor or floors in a building of one or more floors to be used for residential, professional, commercial, or industrial purposes which has access to a public street.    “Limited common elements” means those common elements designated in the declaration as reserved for use by fewer than all the owners of the individual air space units.     History. Source: L. 63: P. 782, § 1. C.R.S. 1963: § 118-15-3. L. 69: P. 982, § 2. History. Source: L. 63: P. 782, § 1. C.R.S. 1963: § 118-15-3. L. 69: P. 982, § 2.    ANNOTATION   Law reviews. For symposium on condominium law and practice, see 11 Colo. Law. 2734 (1982). For comment, “State and Local Regulation of Timesharing in Colorado”, see 56 U. Colo. L. Rev. 289 (1985).
CO Code § 38-33-104 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-104. Assessment of Condominium Ownership

 Whenever condominium ownership of real property is created or separate assessment of condominium units is desired, a written notice thereof shall be delivered to the assessor of the county in which said real property is situated, which notice shall set forth descriptions of the condominium units. Thereafter all taxes, assessments, and other charges of this state or of any political subdivision, or of any special improvement district, or of any other taxing or assessing authority shall be assessed against and collected on each condominium unit, each of which shall be carried on the tax books as a separate and distinct parcel for that purpose and not on the building or property as a whole. The valuation of the general and limited common elements shall be assessed proportionately upon the individual air space unit in the manner provided in the declaration. The lien for taxes assessed to any individual condominium owner shall be confined to his condominium unit and to his undivided interest in the general and limited common elements. No forfeiture or sale of any condominium unit for delinquent taxes, assessments, or charges shall divest or in any way affect the title of other condominium units.   History. Source: L. 63: P. 783, § 1. C.R.S. 1963: § 118-15-4. History. Source: L. 63: P. 783, § 1. C.R.S. 1963: § 118-15-4.    ANNOTATION   Law reviews. For symposium on condominium law and practice, see 11 Colo. Law. 2734 (1982). For article, “Homeowners Association Assessments in Bankruptcy Cases”, see 19 Colo. Law. 2221 (1990).
CO Code § 38-33-105.5 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-105.5. Contents of Declaration

  The declaration shall contain:   The name of the condominium property, which shall include the word “condominium” or be followed by the words “a condominium”;    The name of every county in which any part of the condominium property is situated;    A legally sufficient description of the real estate included in the condominium property;    A description or delineation of the boundaries of each condominium unit, including its identifying number;    A statement of the maximum number of condominium units that may be created by the subdivision or conversion of units in a multiple-unit dwelling owned by the declarant;    A description of any limited common elements;    A description of all general common elements;    A description of all general common elements which may be conveyed to any person or entity other than the condominium unit owners;    A description of all general common elements which may be allocated subsequently as limited common elements, together with a statement that they may be so allocated, and a description of the method by which the allocations are to be made;    An allocation to each condominium unit of an undivided interest in the general common elements, a portion of the votes in the association, and a percentage or fraction of the common expenses of the association;    Any restrictions on the use, occupancy, or alienation of the condominium units;    The recording data for recorded easements and licenses appurtenant to, or included in, the condominium property or to which any portion of the condominium property is or may become subject;    Reasonable provisions concerning the manner in which notice of matters affecting the condominium property may be given to condominium unit owners by the association or other condominium unit owners; and    Any other matters the declarant deems appropriate.       This section shall apply to any condominium ownership of property created on or after July 1, 1983.     History. Source: L. 83: Entire section added, p. 593, § 3, effective May 25.    ANNOTATION   Law reviews. For comment, “State and Local Regulation of Timesharing in Colorado”, see 56 U. Colo. L. Rev. 289 (1985).
CO Code § 38-33-107 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-107. Records of Receipts and Expenditures - Availability for Examination

 The manager or board of managers, as the case may be, shall keep detailed, accurate records of the receipts and expenditures affecting the general and limited common elements. Such records authorizing the payments shall be available for examination by the unit owners at convenient weekday business hours.   History. Source: L. 75: Entire section added, p. 1434, § 1, effective January 1, 1976.
CO Code § 38-33-108 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-108. Violations - Penalty

 Any person who knowingly and willfully violates the provisions of section 38-33-106 or 38-33-107 is guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine of not more than five hundred dollars.   History. Source: L. 75: Entire section added, p. 1434, § 1, effective January 1, 1976.
CO Code § 38-33-109 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-109. Unit Owners' Liability

 In any suit or arbitration against a condominium unit owners' association wherein damages are awarded or settlement is made, the individual unit owner's liability in his capacity as a percentage owner of the general or limited common elements or as a member of the condominium association shall not exceed the amount of damages or settlement multiplied by his percentage ownership in the general or limited common elements, as the case may be. In the case of incorporation by unit owners, their liability as stockholders shall be determined as any other corporate stockholder.   History. Source: L. 75: Entire section added, p. 1434, § 1, effective January 1, 1976.    ANNOTATION   Law reviews. For symposium on condominium law and practice, see 11 Colo. Law. 2734 (1982). For article, “Commercial Condominium Association Considerations”, see 12 Colo. Law. 1090 (1983).
CO Code § 38-33-111 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-111. Special Provisions Applicable to Time Share Ownership

  No time share estates shall be created with respect to any condominium unit except pursuant to provisions in the project instruments expressly permitting the creation of such estates. Each time share estate shall constitute for all purposes an estate or interest in real property, separate and distinct from all other time share estates in the same unit or any other unit, and such estates may be separately conveyed and encumbered.    Repealed.    With respect to each time share unit, each owner of a time share estate therein shall be individually liable to the unit owners' association or corporation for all assessments, property taxes both real and personal, and charges levied pursuant to the project instruments against or with respect to that unit, and such association or corporation shall be liable for the payment thereof, except to the extent that such instruments provide to the contrary. However, with respect to each other, each time share owner shall be responsible only for a fraction of such assessments, property taxes both real and personal, and charges proportionate to the magnitude of his undivided interest in the fee to the unit.    No person shall have standing to bring suit for partition of any time share unit except in accordance with such procedures, conditions, restrictions, and limitations as the project instruments and the deeds to the time share estates may specify. Upon the entry of a final order in such a suit, it shall be conclusively presumed that all such procedures, conditions, restrictions, and limitations were adhered to.    In the event that any condemnation award, any insurance proceeds, the proceeds of any sale, or any other sums shall become payable to all of the time share owners of a unit, the portion payable to each time share owner shall be proportionate to the magnitude of his undivided interest in the fee to the unit.     History. Source: L. 77: Entire section added, p. 1717, § 1, effective July 1. L. 79: (2) repealed and (3) amended, p. 1397, §§ 2, 1, effective May 22.    ANNOTATION   Law reviews. For article, “Representing a Purchaser of a Time Share”, see 11 Colo. Law. 1543 (1982). For symposium on condominium law and practice, see 11 Colo. Law. 2734 (1982). For comment, “State and Local Regulation of Timesharing in Colorado”, see 56 U. Colo. L. Rev. 289 (1985).   Enactment of section not change of use of land. The enactment of this section and § 38-33-110 is not tantamount to a change of the use of the land nor is it a new regulation increasing the use of the land. Bd. of County Comm'rs v. Colo. Bd. of Assmt. Appeals, 628 P.2d 156 (Colo. App. 1981).
CO Code § 38-33-113 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33 - Condominium Ownership Act|§ 38-33-113. License to Sell Condominiums and Time Shares

 The general assembly hereby finds and declares that the licensing of persons to sell condominiums and time shares is a matter of statewide concern.   History. Source: L. 83: Entire section added, p. 594, § 5, effective May 25.    Cross references:   For the licensing of real estate brokers and salespersons, see article 10 of title 12.   ANNOTATION   Law reviews. For comment, “State and Local Regulation of Timesharing in Colorado”, see 56 U. Colo. L. Rev. 289 (1985).
CO Code § 38-33.5-101 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33.5 - Cooperative Housing Corporations - Housing for Members|§ 38-33.5-101. Method of Formation - Purpose

 Cooperative housing corporations may be formed by any three or more adult residents of this state associating themselves to form a cooperative or nonprofit corporation, pursuant to article 55, 56, or 58 of title 7, C.R.S., or the “Colorado Revised Nonprofit Corporation Act”, articles 121 to 137 of title 7, C.R.S. The specified purpose of the entity must be to provide each stockholder in or member of the entity with the right to occupy, for dwelling purposes, a house or an apartment in a building owned or leased by the entity.   History. Source: L. 80: Entire article added, p. 704, § 1, effective July 1. L. 97: Entire section amended, p. 764, § 38, effective July 1, 1998. L. 2011: Entire section amended,(SB 11-191), ch. 197, p. 820, § 5, effective April 2, 2012.    ANNOTATION   Law reviews. For article, “Rights of First Refusal in Condominium Documents”, see 11 Colo. Law. 389 (1982). For symposium on condominium law and practice, see 11 Colo. Law. 2734 (1982). For article, “Cooperative Housing Corporations in Colorado”, see 13 Colo. Law. 2013 (1984).
CO Code § 38-33.5-102 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33.5 - Cooperative Housing Corporations - Housing for Members|§ 38-33.5-102. Requirements for Articles of Incorporation of Cooperative Housing Corporations

  In addition to any other requirements for articles of incorporation imposed by the “Colorado Revised Nonprofit Corporation Act”, articles 121 to 137 of title 7, C.R.S., such articles of incorporation shall, in the case of cooperative housing corporations, include the following provisions:   That the corporation shall have only one class of stock outstanding;    That each stockholder is entitled, solely by reason of his ownership of stock in the corporation, to occupy, for dwelling purposes, a house or an apartment in a building owned or leased by the corporation;    That the interest of each stockholder in the corporation shall be inseparable from and appurtenant to the right of occupancy, and shall be deemed an estate in real property for all purposes, and shall not be deemed personal property;    That no stockholder is entitled to receive any distribution not out of earnings and profits of the corporation except on a complete or partial liquidation of the corporation.        History. Source: L. 80: Entire article added, p. 704, § 1, effective July 1. L. 97: IP(1) amended, p. 764, § 39, effective July 1, 1998.
CO Code § 38-33.5-103 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33.5 - Cooperative Housing Corporations - Housing for Members|§ 38-33.5-103. Provisions Relating to Taxes, Interest, and Depreciation on Corporate Property

  The bylaws of a cooperative housing corporation shall provide that no less than eighty percent of the gross income of the corporation in any taxable year shall be derived from payments from tenant-stockholders. For the purposes of this article, “tenant-stockholder” means an individual who is a stockholder in the corporation and whose stock is fully paid when measured by his proportionate share of the value of the corporation's equity in the property.    The bylaws shall further provide that each tenant-stockholder shall be credited with his proportionate payment of real estate taxes paid or incurred in any year on the buildings and other improvements owned or leased by the corporation in which the tenant-stockholder's living quarters are located, together with the land to which such improvements are appurtenant, and likewise with respect to interest paid or incurred by the corporation as well as depreciation on real and personal property which are proper deductions related to the said lands and improvements thereon for purposes of state and federal income taxation.     History. Source: L. 80: Entire article added, p. 705, § 1, effective July 1.
CO Code § 38-33.5-104 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33.5 - Cooperative Housing Corporations - Housing for Members|§ 38-33.5-104. Financing of Cooperative Housing - Stock Certificates Held by Tenant-Stockholders

 Stock certificates or membership certificates issued by cooperative housing corporations to tenant-stockholders shall be valid securities for investment by savings and loan associations, when the conditions imposed by section 11-41-119 13, C.R.S., are met.   History. Source: L. 80: Entire article added, p. 705, § 1, effective July 1. L. 99: Entire section amended, p. 629, § 39, effective August 4.
CO Code § 38-33.5-105 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33.5 - Cooperative Housing Corporations - Housing for Members|§ 38-33.5-105. Provisions to Be Included in Proprietary Lease or Right of Tenancy Issued by Corporation

  Every stockholder of a cooperative housing corporation shall be entitled to receive from the corporation a proprietary lease or right of tenancy document which shall include the following provisions:   That no sublease in excess of one year, amendment, or modification to such proprietary lease or right of tenancy in the property shall be permitted or created without the lender's prior written consent; and    That the security for a loan against the tenant-stockholder's interest shall be in the nature of a real property security interest, and any default of such loan shall entitle the lender to treat such default in the same manner as a default of a loan secured by real property.        History. Source: L. 80: Entire article added, p. 705, § 1, effective July 1.    ANNOTATION   Assessor properly attributed the value of common area residential improvements built on agricultural land to the owner lots of a common interest community. The attribution comported with the overall scheme of property taxation. Jet Black, LLC v. Routt County Bd. of County Comm'rs, 165 P.3d 744 (Colo. App. 2006).   The phrase in subsection (2) stating that “common elements shall not be separately taxed or assessed” is merely a recognition that the value of common elements is inherently included as a component of each individual unit's total actual value and will be assessed and taxed as part of the unit's overall assessment and taxation, rather than separately taxed or assessed to the association as was previously done. Manor Vail Condominium Ass'n v. Bd. of Equaliz., 956 P.2d 654 (Colo. App. 1998).
CO Code § 38-33.5-106 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 33.5 - Cooperative Housing Corporations - Housing for Members|§ 38-33.5-106. Exemption From Securities Laws

 Any stock certificate or other evidence of membership issued by a cooperative housing corporation as an investment in its stock or capital to tenant-stockholders of such corporation is exempt from securities laws contained in article 51 of title 11, C.R.S.   History. Source: L. 80: Entire article added, p. 705, § 1, effective July 1.
CO Code § 38-34-101 (2021)
2021 Colorado Code|Title 38 - Property - Real and Personal|Article 34 - Rules of Construction|§ 38-34-101. General Policy Regarding Titles

 It is the purpose and intention of this article and article 35, part 2 of article 39, and part 1 of article 41 of this title to render titles to real property and every interest therein more secure and marketable, and it is declared to be the policy in this state that this article and all other laws concerning or affecting title to real property and every interest therein and all recorded instruments, decrees, and orders of courts of record, including all proceedings in the suits or causes wherein such orders or decrees have been entered or rendered, shall be liberally construed with the end in view of rendering such titles absolute and free from technical defects so that subsequent purchasers and encumbrancers by way of mortgage, judgment, or otherwise may rely on the record title and so that the record title of the party in possession is sustained and not defeated by technical or strict constructions.   History. Source: L. 27: P. 605, § 44. CSA: C. 40, § 151. CRS 53: § 118-8-1. C.R.S. 1963: § 118-8-1. L. 92: Entire section amended, p. 2185, § 65, effective June 2. History. Source: L. 27: P. 605, § 44. CSA: C. 40, § 151. CRS 53: § 118-8-1. C.R.S. 1963: § 118-8-1. L. 92: Entire section amended, p. 2185, § 65, effective June 2.    ANNOTATION   Law reviews. For an article regarding recording of a deed as evidence of delivery, see 7 Dicta 8 (1930). For article, “Curative Statutes of Colorado Respecting Titles to Real Estate”, see 16 Dicta 35 (1939). For article, “A Legislative Pattern for Protection of Real Estate Titles”, see 24 Dicta 9 (1947). For article, “Curative Statutes of Colorado Respecting Titles to Real Estate”, see 26 Dicta 281 (1949). For note, “‘Color of Title ' in the Colorado Short Statutes of Limitation”, see 21 Rocky Mt. L. Rev. 226 (1949). For article, “Summary of Denver Bar-Sponsored Bills Passed by General Assembly”, see 28 Dicta 173 (1951). For note, “The Effect of Tax Titles upon Easements and Restrictions Upon the Use of Land in Colorado”, see 33 Dicta 228 (1956).   Applied in Birkby v. Wilson, 92 Colo. 281 , 19 P.2d 490 (1933); Rock v. Fastenau, 122 Colo. 41 , 219 P.2d 781 (1950); Fees-Krey, Inc. v. Page, 42 Colo. App. 8, 591 P.2d 1339 (1978).