Colorado § 38-33.3-209.2 - Declarant duties - reserve study.
Full text of Colorado Colorado Revised Statutes § 38-33.3-209.2 — Declarant duties - reserve study., with citation guidance and answers to common questions.
§ 38-33.3-209.2. Declarant duties - reserve study.
(1) Prior to transfer of control from the declarant to the association of a planned community or condominium, the declarant shall commission and pay for a reserve study for the planned community or condominium, which study addresses the components of the common elements and property that the association is responsible for maintaining, repairing, or replacing, as described in the declaration. The reserve study must project costs over a thirty-year period.
(2) The reserve study described in subsection (1) of this section must include an estimate of the projected cost of maintaining, repairing, or replacing the common elements or property of the planned community or condominium.
(3) A reserve study required pursuant to this section must be conducted by an independent reserve study professional or other qualified professional that:
(a) Has knowledge of industry standards for reserve studies;
(b) Has no business relationship with or financial interest in the declarant, other than being retained by the declarant to conduct reserve studies; and
(c) Is not an affiliate of the declarant.
Source: L. 2026: Entire section added, (HB 26-1099), ch. 42, p. 195, § 1, effective August 12.
Frequently Asked Questions About Colorado § 38-33.3-209.2
What does Colorado Revised Statutes § 38-33.3-209.2 cover?
Section 38-33.3-209.2 ("Declarant duties - reserve study.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 38-33.3-209.2?
A common citation format is "Colorado Revised Statutes § 38-33.3-209.2" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 38-33.3-209.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.