To embed, copy and paste the code into your website or blog: When it comes to the creation of common interest communities in Colorado, ambiguities in state law could mean serious liability risks for developers, builders and homeowners’ associations. The Colorado Common Interest Ownership Act (“CCIOA”) is a set of statutes that control homeowners’ associations and condominium associations from inception on. CCIOA governs everything from how communities are created to how the community is managed, including how meetings are held, how records are maintained, how owners cast votes and what procedures must be followed when assessing ownership dues. Among the rules central to CCIOA’s operation are the standards for creating a formal common interest community: who is empowered to sign and record the relevant documents and what procedures must be followed? Recent litigation in Colorado has revealed that CCIOA’s text may contain an important gap in this respect, one that the Colorado Supreme Court is expected to clarify later this year.