Environmental
Colorado's 'Mold Disclosure' requirements primarily apply to:
AAll commercial properties
BResidential rental units where the landlord is aware of mold conditions✓ Correct
COnly new construction within the past 5 years
DOnly properties with swimming pools
Explanation
Colorado requires landlords to disclose known mold conditions in residential rental properties. Mold is an adverse material fact that must be disclosed.
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Key Terms to Know
Gross Rent Multiplier (GRM)
A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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