Colorado Tenant Rights Security Deposit. 38 12 101 which arguably gave substantial rights to both landlords and tenants with respect to security deposits. It is common to charge between one and two month s rent as a security deposit.
Colorado landlord tenant law does not set a maximum amount a landlord can charge a tenant as a security deposit. In some cases clauses that are contrary to colorado state law may be written into the lease. Additionally if the landlord fails to follow security deposit laws in the state of colorado the tenant could be awarded up to three times the amount wrongfully withheld plus reasonable attorney s fees and court costs.
Under colorado law a landlord must return the tenant s security deposit within one month unless the lease agreement specifies a longer period of time which cannot be more than 60 days.
Additionally if the landlord fails to follow security deposit laws in the state of colorado the tenant could be awarded up to three times the amount wrongfully withheld plus reasonable attorney s fees and court costs. 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. In some cases clauses that are contrary to colorado state law may be written into the lease. The state of colorado protects its landlords and tenants with its statewide landlord tenant law.
