Colorado Condominium Purchase Agreement
This Condominium Unit Purchase Agreement allows Colorado real estate developers to pre-sell units in a residential condo project to buyers while the project is still under construction.
- The developer agrees that the unit will be completed by the closing date, barring any unforeseen delays for which the developer is not responsible (such as strikes, shortages of materials, etc.).
- The developer's closing agent will hold the earnest money deposit until closing or until the agreement is terminated, whichever occurs first.
- The developer will provide the buyer with title insurance on the unit.
- The developer will pay all taxes, charges and assessments levied by the condominium association up until the date of closing. From that date onward, the buyer is responsible for all such costs.
- The developer provides a 1-year limited warranty on the labor and materials used in construction of the unit.
- The agreement also contains clauses regarding radon gas levels and expansive â„ low-density soil analysis.
- The agreement is governed by the laws of the State of Colorado.
Buy and download the Condominium Unit Purchase Agreement and start selling those condo units right away.
Colorado Deed of Trust
Secure a home loan in Colorado with this easy-to-use Deed of Trust form.
What is a deed of trust?
Colorado is a "deed of trust state". A deed of trust is a legal document that is used in real estate transactions instead of a mortgage in certain states. This allows for faster, non-judicial foreclosure if the borrower defaults.
How does a deed of trust work?
The parties to the deed of trust are (i) the borrower (the trustor), (ii) the lender (the beneficiary), and (iii) a third party trustee, who will hold title to the property as collateral until the home loan, interest and any related charges are paid in full. Colorado law requires that the trustee must be a Public Trustee.
What are the consequences for the borrower if they default?
If the borrower fails to make the loan payments on time or otherwise breaches the provisions of the Deed of Trust, the home will be foreclosed.
Contents and format of the Deed of Trust form
This template contains all the necessary standard uniform and non-uniform covenants and provisions required by State and federal laws. It is available in MS Word format and is downloadable, editable and reusable.
Legal Jurisdiction
This Deed of Trust form is intended for use only in the State of Colorado.
Colorado Mortgage Promissory Note
This Colorado Mortgage Promissory Note is part of the collateral security documentation for a home loan.
- Payments. The mortgagor will make regular payments of principal and interest until the balance is paid in full.
- Interest is a fixed rate.
- Acceleration. The balance owing becomes due and payable immediately if the borrower defaults in making any payment.
- Late payments result in late charges being assessed, which are calculated as a percentage of the late payment.
- Prepayment. The borrower may prepay the loan either with or without penalty, at the lender's discretion when writing up the Note.
- Available in MS Word format, easy to download, fill in and print.
- Intended to be used only in the State of Colorado.
Colorado General Warranty Deed Form
Transfer ownership of a Colorado real estate property from a seller to a buyer with this Colorado General Warranty Deed form.
- The grantor (seller) covenants that:
- it has good and marketable title to the property,
- it has the legal right and authority to transfer the title to the buyer, and
- it will forever defend the grantee's (buyer's) right to possession of the property.
- This form is a downloadable legal document in MS Word format.
- Intended to be used only in the State of Colorado.
