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Colorado landlords can't raise the rent during the term of a lease unless the lease specifically allows them to do so. And, Colorado landlords can't increase the rent more than one time in any 12-month period of consecutive occupancy by the tenant.
The Colorado standard residential lease agreement is a contract between a landlord and tenant that spells out terms and conditions for the renting of residential real estate.
In Colorado rent increments are not controlled by the state, meaning the landlord can raise rent to any amount that they wish if they feel it is necessary ing to the rental market.
The act requires a residential landlord to provide a tenant with a copy of any written rental agreement signed by the parties and to give the tenant a contemporaneous receipt for any payment made in person with cash or a money order.
In Colorado, landlords cannot evict tenants or force them to vacate the property without probable cause. As long as the tenant does not violate any rules, they can stay until their rental period ends.
Signed into law on June 6, 2023, and effective this August, this bill restricts landlords (with some exceptions) from considering or inquiring about certain information relating to a prospective tenant's amount of income and credit history. It also places a cap on security deposits.
As of October 1, 2021, Colorado adopted a grace period law. It states that Colorado landlords can't charge late rent fees until rent is seven days late. Plus, late fees are capped at $50 or 5% of the amount of past due rent, whichever is greater. To charge a late fee, landlords must disclose it in the rental agreement.
How to Write a Lease Agreement Step 1: Outline your lease agreement. Lease agreements should be organized, clear, and easy to read for both parties. ... Step 2: Determine important provisions. ... Step 3: Construct your lease clauses. ... Step 4: Consult local laws or a local real estate lawyer. ... Step 5: Formatting and fine-tuning.