This office lease provision states that Base Rent shall be $25.50 per rentable square foot. During the Renewal Term, Base Rent shall be increased by the change, if any, in the Consumer Price Index. In no event will the Renewal Rental Rate be less than the Base Rent.
Colorado Provision Calculating the Rent Increase
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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.
It is never legal for a landlord to evict a tenant without a court order. The period for a Notice to Quit is 3, 21, 28, or 91 days, depending on the length of tenancy and how much notice is included in the lease. (Colorado Revised Statute 13-40-107.)
How Much Can You Raise the Rent in Colorado? Considering there aren't any state-wide limits to rent, landlords can charge as much as they want for the rent payment. Still, keep in mind that one of the most common "landlord responsibilities" is to send written notice to Colorado tenants before raising the rent.
Average rents for single family homes along the Front Range saw a higher increase of 1.87% from Q2 of 2022, rising to $2555 on average compared to $2508 in 2022. Quarter-over-quarter showed a much more promising increase, gaining 2.98% from Q1 2023.
The bill prohibits a landlord from evicting a residential tenant unless the landlord has just cause for eviction. Just cause exists only when: A tenant or lessee is guilty of an unlawful detention of real property under certain circumstances described in existing law, as amended; or.
A tenancy for one year or longer: 90 days' notice 2. A tenancy between 6-12 months: 28 days' notice 3. A tenancy between one and six months: 21 days' notice 4. A tenancy between one week and one month, or a tenancy at will: 3 days' notice.
The Colorado Supreme Court upheld a pandemic-era rule Monday, requiring landlords to provide tenants in federally-subsidized housing 30 days notice before eviction.
How Much Can You Raise the Rent in Colorado? Considering there aren't any state-wide limits to rent, landlords can charge as much as they want for the rent payment. Still, keep in mind that one of the most common "landlord responsibilities" is to send written notice to Colorado tenants before raising the rent.
