Colorado real estate disclosure law – meth house
Colorado law is very protective of buyers when it comes to methamphetamine contamination.
Under our statute, the seller shall disclose in writing to the buyer whether the seller knows that the property was previously used as a methamphetamine laboratory. A seller who fails to make a disclosure required by this section at or before the time of sale and who knew of methamphetamine production on the property is liable to the buyer for:
(I) Costs relating to remediation of the property according to the standards established by rules of the state board of health promulgated pursuant to section 25-18.5-102, Colorado Revised Statutes (C.R.S.);
(II) Costs relating to health-related injuries occurring after the sale to residents of the property caused by methamphetamine production on the property; and
(III) Reasonable attorney fees for collection of costs from the seller.
If the seller became aware that the property was once used for the production of methamphetamine and the property was remediated in accordance with the standards established pursuant to section 25-18.5-102, C.R.S., and evidence of such remediation was received by the applicable governing body in compliance with the documentation requirements established pursuant to section 25-18.5-102, C.R.S., then the seller shall not be required to disclose that the property was used as a methamphetamine laboratory to a buyer.