Colorado Continuing Guaranty of Payment and Performance of all Obligations and Liabilities Due to Lessor from Lessee under Lease with Mortgage Securing Guaranty

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Multi-State
Control #:
US-01083BG
Format:
Word; 
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This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Continuing Guaranty of Payment and Performance of all Obligations and Liabilities Due to Lessor from Lessee under Lease with Mortgage Securing Guaranty

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FAQ

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.

Colorado landlords are not allowed to charge any late fees over $50 or 5% of the amount of past due rent (whichever is greater). They also cannot require interest on a late fee or enforce a late fee if it's not stated in the signed lease agreement.

If the problem significantly interferes with your life, health, or safety, your landlord must start taking action within 24 hours of getting the notice. For other, less urgent issues, the landlord must start taking action within 96 hours (4 days)

If the problem significantly interferes with your life, health, or safety, your landlord must start taking action within 24 hours of getting the notice. For other, less urgent issues, the landlord must start taking action within 96 hours (4 days)

Under Colorado law, a residential rental unit must be fit for human habitation. If landlords fail to make timely repairs as necessary to maintain habitability, a tenant may seek to be released from a lease without further obligation.

It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange. Both the lessee and the lessor face consequences if they fail to uphold the terms of the contract.

Problems with your landlord? Call,Colorado Housing Connects at 1-844-926-6632.

Landlords are required to provide habitable housing to their tenants. Failure to do so means tenants have a right to withhold paying rent to compel the landlord to act. In Colorado specifically, if a building fails structural, health, and safety standards, renters have a right to withhold rent.

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Colorado Continuing Guaranty of Payment and Performance of all Obligations and Liabilities Due to Lessor from Lessee under Lease with Mortgage Securing Guaranty