Colorado Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent

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Multi-State
Control #:
US-OL4A012A
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Description

This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.

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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.

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.

Index Lease - A type of graduated lease in which the periodic rent increase are tied to increases in the consumer price index, or some other economic indicator.

A commercial escalation clause is always included in commercial real estate leases. It allows the landlord to increase the rate of your rent ing to a specific timeline or ing to certain triggers included in the clause.

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 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.

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.

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.)

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Colorado Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent