CO SB209

Amends Colorado Revised Statutes 12-61-1001 to exclude timeshare communities from the definition of "common interest community" under the Colorado Common Interest Ownership Act.

Excludes associations or unit owners' associations where a majority of residential units are timeshare units (as defined in section 38-33-110(7) or 12-61-401(4)) from HOA regulations.

Excludes communities, resorts, or developments registered with the Colorado Division of Real Estate as timeshare subdivisions from HOA financial management requirements.

Defines "majority of units" as units allocated more than 50 percent of the total allocated interests in the common interest community for residential use.

Applies the same timeshare exemption to the definition of "HOA" or "homeowners' association" in the statute.