Key HOA Documents and Concepts

Homeowners associations are governed by various documents that can confuse owners and even HOA board members. The nature of the HOA itself is often misunderstood. Here is a primer:

Common Interest Community. Colorado law uses the term “common interest community.” It comes from Colorado’s main statute regarding HOAs, called the “Colorado Common Interest Ownership Act,” or “CCIOA” (pronounced “Kiowa” like the Native American tribe). A common interest community is real estate described in the declaration …