Buying or selling a home
Kaylie Curtis, Real Estate Agent
kaylie@tgsbrokerage.com
720-357-5785 (call or text)
Home values, buyer consults, listings
Sean Sells DenverThe Gold Standard Brokerage
Talk to SeanInvestor, attorney and specialty real estate services with Sean Gribbons, Broker/Owner, The Gold Standard Brokerage (CO license ER.100055843).
HOA Formation and Party Wall Agreements
Sean Sells DenverThe Gold Standard Brokerage
When a duplex, townhome pair or small multi-unit property is divided or sold unit by unit, the owners usually need rules for shared walls, roofs, utilities and costs. That may mean a party wall agreement, or a small owners’ association. Sean Gribbons helps owners and investors plan the real estate side so the units can be sold and financed.
Party wall agreements
A party wall agreement sets out who maintains, repairs and insures shared structural elements, and how costs and disputes are handled. Buyers, lenders and title companies often expect one when units share a wall. The agreement itself is drafted by a Colorado attorney.
Forming a small HOA
Some divided properties need a formal association with a declaration, bylaws, a budget and reserves. In Colorado, many associations are governed by the Colorado Common Interest Ownership Act. Your attorney drafts and records the documents, and Colorado has registration requirements for associations.
Where Sean fits
- Explaining how buyers and lenders view shared-wall and association properties
- Coordinating timing between the division, the documents and the sale
- Market analysis of the units as separately owned homes
- Listing and selling the units
General information only, not legal advice. Your attorney prepares all agreements and association documents.
Sean Sells DenverThe Gold Standard Brokerage · Parcel & Duplex Splits · Complex Transactions · Contact
Sean Gribbons · 303-883-3833 · sean@tgsbrokerage.com