This is important to all Multifamily homeowners...HB23-1190

Concerning a right of first refusal to purchase qualifying multifamily residential property by a local government.

https://leg.colorado.gov/bills/hb23-1190

The bill requires notices to be given by the seller to local governments and by local governments to the seller and to residents of the property. Upon receiving notice of intent to sell or of a potential sale of property, a local government has 14 business calendar days to preserve its right of first refusal and an additional 90 business 60 calendar days to make an offer and must agree to close on the property within 180 business 120 calendar days of the execution of an agreement for the sale and purchase of the qualifying property. Prior to the sale of the property, the seller is required to execute and record an affidavit in the real property records of the county in which the property is located certifying that the seller has complied with the right of first refusal requirements.