A scenario ongoing in Arapahoe County, Colorado for which I have questions:
John Doe executes a lease with company A. Company A tells him to take the lease home think about it and if he wants to go ahead with it, to have the lease recorded.
Company B comes along and offers John Doe more money and royalty. Although he has already executed a lease with company A and has not recorded it yet in Arapahoe County, he doesn't tell Company B that he has already executed a lease with Company A . John Doe decides to tear up the executed lease with Company A and executes a lease with Company B.
Can John Doe do this legally or does Company A have a case. Not sure why Company A would let him take home the executed lease and record it himself, but they did.
I understand that Colorado is a notice state and not first to file. Am I correct with this assumption?