When the Seller Rents Back Post-Closing for no Monthly Rent, Can There be a Security Deposit?
In Colorado, Senate Bill 23-184 provides a fairly clear answer: No.
Leasing
“For Cause” Evictions in Colorado
Co-Author: Caroline W. Young The Colorado General Assembly recently passed HB24-1098 (“Cause Required for Eviction of Residential Tenant”), which significantly overhauled the landscape of Colorado’s residential lease and eviction laws. In short, residential landlords are now required to offer existing tenants lease renewals on reasonable terms, subject to some statutory exceptions. When Gov. Polis signed … Continue Reading
How Do Landlords and Property Managers Comply with the Rental Application Fairness Act?
Rental Application Fairness Act: What actions must Colorado landlords and property managers take after passage of the new state law known as House Bill 19-1106?
Renegotiating a Commercial Lease
Learn about the common “cards” that commercial tenants and commercial landlords can play when tenants seek to renegotiate commercial leases.
2023 Colorado Residential Leasing Changes
In its 2023 legislative session, the Colorado General Assembly passed several bills that impact relationships between residential landlords and tenants. Governor Polis subsequently signed many (but not all) of these bills into law. Some of these new laws may require updates to residential lease agreement templates. Others may not require direct changes to lease agreements … Continue Reading
When Animals are Allowed Inside Your Business – Holding a Class or Meeting
Q: Our office’s meeting room hosts classes for members of an association or group to get continuing education or learn about issues important to their business. It seems like many are bringing their dogs to the meetings. Do we need to allow the dogs into the meeting? We are worried about the dogs ruining the … Continue Reading
Housing Choice Voucher Programs (Section 8) – Lease Considerations
Lease Considerations for Housing Choice Voucher Programs (Section 8) Landlords and Property Managers have several considerations to weigh when choosing a future tenant. Certain considerations are simply off the table. Pursuant to C.R.S. § 24-34-502, a person cannot be discriminated against for housing based upon their source of income. Essentially, this statute is designed to … Continue Reading
My tenant used meth. Meth Cleanup is Expensive. Is it Covered by Insurance? Part II.
What do you do when you own property that you lease out to tenants and find out that your tenant apparently used meth at the property and the property needs expensive remediation? See my previous article here. Example Case Study: Property Owner who previously rented out the property lists the home for sale. Potential Buyer … Continue Reading
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
Managing Risks with Seller Post-Closing Occupancy Agreements
How to avoid risks of allowing a seller to remain in the property after closing.