Colorado Rental Laws Security Deposit. Included in this law are basic rules for the security deposits. However if you charge a ridiculous sum such as five months rent as a security deposit you will have a very difficult time finding tenants.
Included in this law are basic rules for the security deposits. However if you charge a ridiculous sum such as five months rent as a security deposit you will have a very difficult time finding tenants. For additional questions about security deposits in colorado please refer to the official state legislation colorado revised statutes 38 12 101 to 38 12 104 and 38 12 207.
Under colorado security deposit law the landlord is required to send a written statement of damages along with any security deposit refund to the renter s last known address.
The colorado state legislature enacted the security deposit act under c r s. Therefore it is important that you furnish the landlord with a forwarding address. If the landlord transfers the security deposit to the new buyer the latter inherits the liability of refunding the tenant s security deposit when the lease ends. The tenant wants all the money back as soon as they move out.
