WATER RULES FOR REAL ESTATE

New WATER RULES FOR REAL ESTATE effective 1/1/2008
Colorado House Bill HB07-1156 was signed into law by the Govenor to take effect January 1, 2008.
In short it says anyone selling a piece of real estate MUST disclose the name address and phone number of the provider of the potable water to the property, whether via well, ditch, surface or water district. Additionally it is recommended that the Buyer contact the water supplier to determine long-term sufficiency of the water provider"s water supply. The reasons for this bill are simple, the state legislature want s to make the public more aware of it's water use and supplies. Goverment protecting us again. So you will start to language in real estate contracts requiring this disclosure. For sellers of typical residential real estate in Colorado, a copy of the most recent water bill would be good, or a copy of the well permit for more rural properties would be good. Other types of properties, and ditch rights and adjudication and seniority etc etc etc will be critical. Long and short, real estate professionals need to make sure this disclosure is made to the Buyer.

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