Boulder Smart Regs: Boulder Landlords Get Some Compromises

Posted by Phil Boren on Friday, September 10th, 2010 at 4:46pm.

Boulder Smart Regs: Boulder landlords get some compromises in the final version. Boulder City Council passed the much-debated new "Smart Regs" at the meeting on September 7th, with a final vote expected at the next meeting on September 21st. Rather than being tied to the issuance of rental licenses, the final version will apparently require Boulder landlords to comply with the new energy upgrades on every unit (via a 100-point system), by Januaty 1, 2019. If passed, this will enable owners to implement the required changes over time, rather than right away.

Seen by many as a viable alternative, the required upgrades will still have to be implemented on Boulder rental properties eventually. It remains to be seen whether the extra costs associated with the allowable upgrades will be passed on to tenants in the form of higher rent, and whether they will necessarily result in increased value, as the Council members project.

With nearly 20,000 rental units in the City of Boulder affected by these new "Smart Regs", it is a hot button for many property owners and for many tenants. You can read more from the City of Boulder about this important issue using this link.

If you have any questions or would like more infomation about Boulder real estate listings, please call us at 303-441-5647 or visit www.BoulderHomeResource.com.

Phil Boren
Cell: 720-579-8800
Direct: 303-441-5647
Email: philboren@gmail.com
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