Type In Legal Colorado Residential Leases Forms For Free

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.

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.

Tenants. Tenant rights state that they may exercise their right to habitable housing whenever they consider it appropriate; this includes asking for utilities in good condition, getting repairs in a reasonable amount of time, and collecting their security deposit once they leave the premises.

The new law prohibits landlords from requiring that tenants waive certain legal rights in their leases, like the ability to participate in class-action lawsuits or jury trials. It also prohibits landlords from charging renters a penalty if the renter doesn't give notice that they aren't renewing their lease.

The Colorado Standard Residential Lease Agreement is a document that enables a landlord and tenant to solidify an arrangement wherein the tenant rents a residential property for a one (1) year term in exchange for monthly rent payments.

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.