Colorado Revised Statutes Title 38. Property Real and Personal § 38-12-1105.5. Sale or change in control of the park--complaint pending--duties of landlord

(a) Provide all documents related to the complaint, including any notice of violation or final agency order issued by the division, to a prospective buyer as part of the due diligence process of any sale;

(b) Pay all penalties ordered by the division in a final agency order and submit an affidavit of compliance to the division; and

(c) For a pending complaint in which the division has not issued a final agency order, if requested by the prospective buyer or ordered by the division, place into an escrow account money sufficient to cover either the remediation cost or an estimated penalty that could be assessed by the division. The seller is entitled to the return of money placed in escrow if no violation is found in a final agency order.

(a) The landlord shall complete all remedial actions prior to the sale and submit an affidavit of compliance to the division; or

(b) The landlord and the prospective buyer shall jointly submit to the division a written remedial plan that requires all remedial actions to be completed within one year. The division may accept or reject the proposed remedial plan and assess penalties against either party if a remedial plan submitted pursuant to this section is not completed.