Leadership Withdrawing Land After Purchase? Oh I Don’t Think So!

CCIOA has an interesting provision, contained in Section 210(4), which allows developers to withdraw property included in an association only if: (1) a portion of the real estate is subject to withdrawal; and (2) a unit in such portion of real estate has not yet been sold to a purchaser. Although this Section seems clear with respect to limiting situations in which a developer can withdraw land from a community, a recent Colorado Court of Appeals case proves that one can claim non-clarity and ambiguity with almost anything.    Read More……

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