Often, a person will draft a will that devises, upon his or her passing, that property or properties will go to his or her heirs as “joint tenancy with the right of survivorship” or similar language. Per the joint tenancy and per Colorado law, each heir owns an undivided interest in the entire property in common with the […]
Blog
Just because you own a piece of property does not mean that you can do whatever you want on that property. In simple terms, owning a car does not mean that you can drive in any way you want or cause damage with your car. In other words, despite ownership of property, you still have limitations using your […]
As Colorado’s population grows and becomes more diverse, so do potential issues with respect to real estate and race. While Denver and other Front Range areas have long-standing Latin communities, others are relative newcomers to the scene. Though unlikely, it is possible that a seller will refuse to sell a house or other property to a member of […]
The current explosion in Colorado real estate prices raises the question of whether the real estate market is headed into a boom and bust cycle. While the local real estate boom is on a grander scale than the national average and the housing bust of 2008-10 was on a grander scale than the Colorado real estate market, there […]
One of the most common questions that sellers of residential real estate ask concerns what they are allowed to take with them when they move. Often, people will decorate their houses with specific taste and want to transfer items to their next house. In Colorado and many other states, the default rule is that only […]
Drafting a commercial lease is complicated. There are a number of factors to consider and an array of options with respect to structuring the deal. The old “location location location” adage is very much in play when negotiating these leases. This article discusses a few of those factors, foot traffic and breakpoint. Foot Traffic When a tenant negotiates […]
Imagine two neighbors, Steve and Paul, live next to each other in rural Colorado. Each landowner owns a large piece of land, where some areas have fences and other areas do not. Their land borders each other’s for a number of miles. Steve decides that he wants to build a small structure where he can […]
Colorado is clearly a leader in the pot market. With the legalization of Marijuana came new real estate opportunities for those in Colorado. It created a market for recreational drugs that is unique, bringing in a surge of new customers into the state. It has also created questions about leasing property for the pot trade. […]
Technological advancements have dramatically changed both the economic and political climates of American energy policy. In the 1990s, there was significant concern about U.S. energy policy because so much fuel was imported from the middle east. While the U.S. had much of its own supply, it was very reliant on OPEC oil. At the time, […]
Depending on how you look at it, it is an exciting time for Colorado real estate. The increase in buying and speculation is fueling a soaring market. Denver area new home construction is at all-time high levels while the purchase price for residential properties continues to climb. Neighborhoods once considered “at-risk,” like the Sloans Lake […]
Water is a finite and valuable resource. When developers seek to build, be it commercial or residential, they must obtain water rights. Due to its finite nature and importance, obtaining water rights is not easy. Basic Water law The Colorado Constitution mandates the framework establishing Colorado water law. It is known as the prior appropriation […]
In June 2015, the state of Colorado reported record sales, with the average residential property being sold for $377,550. That year, the real estate market broke records by posting $20.16 billion in home sales for the year. This reflects an increase of 14.5 percent over 2014, according to a report from the Denver Metro Association […]