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    Colorado Real Estate Related Legislation

    Colorado Real Estate Related Legislation

    February 10, 2021

    Last week, I attended a Legislative Update by Colorado attorney John Logan, Esq. The update was specifically on bills relating to commercial real estate. It was a lot of information, so I’ll summarize the top three bills that will be of the most interest to Colorado property owners:

    1. SB 13-062 Require Security At No-Firearms Business. This bill subjects property owners to civil liability if they ban firearms on premises and do not provide the security required in the bill.

    2. HB 13-1090 Prompt Pay Construction Contracts. This bill requires contractors to be paid within 30 days, contractors to pay subcontractors within 5 days, and caps retainage at 5%.
    3. Pilot Program Property Tax Appeal for Denver. This bill changes the process for property tax appeals in Denver county.

    Other bills of interest cover HOA Monitoring, RTD Parking Facilities, TOD Development Claims, and Storm Sewer. There will likely be other bills covering construction defects, landlord-tenant laws, TIFF Regulation, and EPA regulations.

    If you are concerned about any of these bills, please contact your state representative.

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    Consultus Asset Valuation

    Since 1991, Consultus has specialized in commercial and personal property tax consulting, expert witness testimony, real and personal property appraisals, highest and best use analysis, brokerage and investment counseling and cost segregation studies.

    Our MAI designed on-staff appraisers make us a unique property tax consulting firm in Colorado. Our valuation team has over 75 years of experience gathered in governmental agencies and national firms. Although our company focuses on western states, we have an affiliation the US Tax Consulting Group that allows us to provide service to clients nationwide.

     

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      Since 1991, Consultus has specialized in commercial and personal property tax consulting, expert witness testimony, real and personal property appraisals, highest and best use analysis, brokerage and investment counseling and cost segregation studies. Our valuation team has over 75 years of experience gathered in governmental agencies and national firms.

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