--- title: Colorado Modernizes Receivership Law with SB25-020 description: Colorado SB25-020 modernizes receivership law, empowering courts to revitalize properties and protect tenants. Learn what it means for Colorado image: https://blog.griswoldreceivers.com/hubfs/Close%20up%20of%20a%20lot%20of%20law%20reports%20in%20library.jpeg ---  [(858) 481-1300](tel:+18584811300)  [admin@griswoldreceivers.com](mailto:admin@griswoldreceivers.com) [![G-Receivers-Logo](https://blog.griswoldreceivers.com/hs-fs/hubfs/G-Receivers-Logo.jpg?width=672&height=96&name=G-Receivers-Logo.jpg "G-Receivers-Logo")](https://griswoldreceivers.com) - [Practice Areas](https://www.griswoldreceivers.com/practice-areas/) - [Health & Safety Receiverships](https://www.griswoldreceivers.com/health-safety-receiverships/) - [Partition Referee Matters](https://www.griswoldreceivers.com/partition-referee/) - [Business Dispute Receiverships](https://www.griswoldreceivers.com/business-dispute-receiverships/) - [Post-Judgment Receiverships](https://www.griswoldreceivers.com/post-judgment-receiverships/) - [Rents & Profits Receiverships](https://www.griswoldreceivers.com/rents-profits-receiverships/) - [Cannabis Receiverships](https://www.griswoldreceivers.com/cannabis-receiverships/) - [Receivership Services in Nevada](https://www.griswoldreceivers.com/practice-areas/receivership-in-nevada/) - [Receivership Services in Arizona](https://www.griswoldreceivers.com/practice-areas/receivership-services-in-arizona/) - [Property Examples](https://www.griswoldreceivers.com/property-examples/) - [About Griswold Receivers](https://www.griswoldreceivers.com/about-griswold-receivers/) - [Meet the Team](https://www.griswoldreceivers.com/about-griswold-receivers/#meet-the-team) - [Career Opportunities](https://content.griswoldreceivers.com/career-opportunities) - [Resources](https://content.griswoldreceivers.com/resources) - [Blog](https://blog.griswoldreceivers.com) - [Contact](https://content.griswoldreceivers.com/contact-us) Blog # [Colorado Modernizes Receivership Law with SB25-020](https://blog.griswoldreceivers.com/colorado-modernizes-receivership-law-with-sb25-020) August 11, 2025 ![Close up of a lot of law reports in library](https://blog.griswoldreceivers.com/hs-fs/hubfs/Close%20up%20of%20a%20lot%20of%20law%20reports%20in%20library.jpeg?width=800&height=534&name=Close%20up%20of%20a%20lot%20of%20law%20reports%20in%20library.jpeg) Colorado expands receivership framework with a focus on multifamily residential properties.    In a major step forward for property revitalization and legal clarity, Colorado has officially signed [SB25-020](https://leg.colorado.gov/sites/default/files/2025a_020_signed.pdf) into law — a bill that modernizes and expands the state’s receivership framework and further opens the door for Colorado receivership services. Here’s what you need to know:  Effective Date: 90 days after final adjournment (August 7). What It Does: SB25-020 modernizes and expands the receivership framework under Colorado law. The bill introduces a standardized process applicable across various civil contexts, including [health and safety code enforcement](https://blog.griswoldreceivers.com/community-approaches-to-code-enforcement) for multifamily residential properties. Key Highlights: Standardized Framework: Applies to health & safety matters on multifamily residential rental properties. Court Appointment: Courts may appoint a receiver to prevent waste, address abandonment or nuisance conditions, collect rent from tenants or safeguard property. Communication: The receiver must provide written updates at least once a week to the property’s tenants advising on measures the receiver is taking to bring the property into compliance. Upon termination of the receivership, the receiver must submit a final accounting and status report to the court.  Receiver Powers: Includes managing, leasing, repairing, or selling property; hiring professionals; and submitting regular reports. Financing Tools: Receivers can seek financing via liens that attach to the property for payment of work and any associated fees.  Sale of Property: Courts can authorize sale of a property if necessary. Liability Protection: Receivers are protected from personal liability unless gross negligence or misconduct is proven. Due Process: A petitioner seeking appointment of a receiver must file an application with the appropriate court. This requires notice and opportunity for the landlord, lessee, mortgagee and other stakeholders to be heard no sooner than three business days before any scheduled hearing.  Why It Matters for Receivership Services in Colorado: - Gives municipalities a powerful tool to address abandoned or hazardous properties and protects tenants. - Encourages rehabilitation over demolition, protecting community value and safeguarding housing for tenants. - Brings Colorado in line with modern receivership practices already used in California, Nevada, and Arizona — all of which have statutes that empower courts to appoint neutral third parties to oversee distressed assets and problem properties.  Griswold Receivers provides[expert receivership services](https://griswoldreceivers.com/practice-areas/) in Arizona, California, Nevada, and elsewhere. Contact us today to discuss how we can help remediate nuisance properties in your region.  [![Contact Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/8226923/4d8ad539-cd1f-4629-98b1-3c779b0c9f70.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/8226923/4d8ad539-cd1f-4629-98b1-3c779b0c9f70) ## Recommended Resources: - [Download: Mitigating Fire Risk in Vacant and Abandoned Properties ](https://content.griswoldreceivers.com/mitigating-fire-risk-in-vacant-and-abandoned-properties) - [Download: Gaining Control and Securing Vacant Commercial Properties](https://content.griswoldreceivers.com/gaining-control-and-securing-vacant-commercial-propertiescontrol-and-securing-vacant-commercial-properties)  - [Download: Fires, Floods and Foreclosures: How Receiverships Intervene Before a Public Disaster](https://content.griswoldreceivers.com/fires-floods-and-foreclosures-how-receiverships-intervene-before-a-public-disaster)   This is a search field with an auto-suggest feature attached. - 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