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CAN WE SWAP PARKING SPACES? REALLOCATION OF LIMITED COMMON ELEMENTS (CO)

/ Owner - November 1, 2022

Have owners in your association ever approached you with a request to switch assigned parking spaces or garages that are allocated as limited common elements and your association’s documents? What did you tell them, and did you know that the Colorado Common Interest Ownership Act (“CCIOA”) specifically addresses this issue for post-CCIOA communities (i.e. created after July 1, 1992)? Specifically, Section 208 of CCIOA sets forth a process by which limited common elements may be reallocated between owners in an association.   Read the article………………………..

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