Colorado Rental Laws Late Fees. Late fees and grace period laws in colorado. While there aren t any restrictions on charging the tenant with late fees most landlords do charge late fees which should be reasonable under the circumstances.
Learn how to set a late fee here. Late fees and grace period laws in colorado. A landlord may recoup one or more late fees from a tenant or mobile home owner s security deposit if the payment of each late fee is no more than 180 days overdue and the landlord provides written notice to the tenant or mobile home owner that the.
Colorado executive order waives late fees for rent gives tenants more time to pay.
Accordingly under colorado state law if the late charge and or interest exceed 45 of the principal amount due a court may eliminate all late fees and interest due to the usurious nature of the fees. The general usury limit is 45. Colorado the legal rate of interest is 8. Landlords are allowed to charge late fees again and they may raise rent if the lease allows.
