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Late Fees in Colorado Leases

Q: Are rental late fees limited in Colorado? A: Yes. As of October 1, 2021, late fees in residential Colorado leases are limited to the greater of: (i) $50, or (ii) 5% of the past due rent payment. The changes discussed in this article were enacted in Senate Bill SB21-173: Rights in Residential Lease Agreements. … Continue Reading

New Law Limits Retainage in Private Construction Projects

Co-Author:  Lauren M. Taylor[i] This summer, the Colorado General Assembly adopted new limits on the amount of retainage a property owner can withhold from contractors and subcontractors in private construction contracts. Retainage and Limits Retainage is a percentage of a contract or subcontract price withheld from a contractor by a property owner until the completion … Continue Reading

What Happens to My Maintenance Obligation If I Decide to Retire?

Will my maintenance obligation reduce or terminate when I retire? For many, the decision to retire is an easy decision that comes as a natural next step. For others, the decision to retire is difficult and filled with financial uncertainty and stress, especially when the decision is irrevocable. This is especially true if you have … Continue Reading

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