#colorado #realestate #breckenridge
A nonprofit representing Colorado property owners has filed a lawsuit against the town of Breckenridge challenging ordinances that have set limits and imposed other regulations on the short-term rental market.
Colorado Property Owners for Property Rights filed the lawsuit Oct. 31 in the state’s 5th Judicial District Court arguing that Breckenridge’s short-term rental ordinances are “preempted by state law, arbitrary and irrational, discriminatory (and) lacking support from study and data.”
The lawsuit names the town of Breckenridge as the sole defendant. Colorado Property Owners has about 300 members including some who are owners holding interests in residential property in Breckenridge, according to court documents.
“We believe that the town’s short-term rental ordinances violate Colorado law that expressly prohibits local governments from imposing rent controls,” Colorado Property Owners president Mary Waldman said in a statement. “The town’s actions are intended to suppress the short-term rental market in an attempt to force property owners to provide their units as longer term rentals at lower rates than the current market allows.”
