Colorado Rental Lease Agreements
The Colorado Rental Lease Agreements are legal contracts pertaining to the rights and responsibilities of two parties in a lease—a landlord and a tenant. Agreements may differ from one another, however, they generally stipulate at lease a few of the following; the names of the landlord and tenant, the lease term, the monthly rent, and the parties responsible for certain utilities and services.
Both landlords and tenants should educate themselves about Colorado’s Tenant and Landlord Laws: Title 38 Article 12.
Types of Agreements
Commercial Lease Agreement – A legally-binding agreement used to set parameters for a business to conduct operations in a leased property.
Lease to Own Agreement – Similar to a typical lease agreement, with the addition of the option for the tenant to purchase the property upon the lease ending.
Month-to-Month Lease Agreement – Able to terminated at any time, this agreement allows for a property to be leased on a month-to-month basis.
Roommate Agreement – Specifies precisely how roommates in a shared abode should behave, as well as their responsibilities to one another.
Standard Residential Lease Agreement – A typical lease agreement that offers tenants the opportunity to rent out a property for a specified length of time, in exchange for periodic rental payments.
Sublease Agreement – Used as a secondary agreement, this document establishes conditions for the original tenant to rent out the leased property to a new tenant.
What is a Colorado Lease Agreement?
A Colorado Lease Agreement acts as a legal reference point for both landlords and tenants entering into a lease together. The document makes it clear what legal responsibilities each must abide to as well as their respective rights. In the interests of vetting tenants and finding the most suitable one, landlords should make use of a rental application.
When is Rent Due?
According to § 13-40-104(1)(d), rent is due in accordance to the rental agreement. There is no grace period stipulated in state law.
Emergency: There is nothing stipulated about the matter of landlord access during an emergency in a state statute, however in line with federal landlord-tenant law, landlords can always enter during an emergency.
Non-Emergency: Likewise, there is nothing stipulated in a state statute about landlord access in a non-emergency. It is recommended landlords only enter in reasonable circumstances and at reasonable times, after giving fair notice to tenants.
Lead Paint Disclosure: In compliance with federal law, landlords of properties built before 1978 must disclose any lead paint hazards to tenants. They must also provide them with this lead paint information pamphlet.
Security Deposit Laws
Maximum Amount: There is no set limit on the maximum amount a landlord can charge tenants.
Returning to Tenant(§ 38-12-103 & § 38-12-104): Unless a longer period of time is specified in the agreement, a landlord must return the full security deposit within one (1) month. In cases where a longer period is specified, the period shall not exceed sixty (60) days. If a tenant breaks a lease due to hazardous condition because of condition of a gas appliance, piping, or other gas equipment, the landlord should pay the deposit back within seventy-two (72) hours.