A Colorado standard residential lease agreement is a legally binding contract between a landlord and tenant, defining the terms and conditions of renting a residential property.
The document includes identification details for both parties, such as full names and addresses. It specifies the complete address of the rental property and outlines the lease term, whether it’s a fixed period (e.g., one year) or a month-to-month arrangement.
Lease Length Considerations
- The lease term is usually one year, but it can be shorter or longer based on mutual agreement. It is generally possible to have a lease of any length of time as long as the lease term is specific and agreed upon in writing by both the landlord and tenant. This means leases can be tailored to various durations as per mutual agreement.
- A new lease can be signed at the end of the term, or the tenant can choose to leave the property.
- A written lease is required if the length of tenancy is more than one year. This ensures that longer-term leases are formally documented. [1]
Required Disclosures
- Carbon monoxide and smoke detector addendum.
- Radon disclosure.
- Lead-based paint disclosure.
Additional information on necessary disclosures can be found on our Colorado lease agreement page.
Security Deposit
- Maximum Amount ($): Two monthly rent payments. [2]
- Returning to Tenant: Within one month, unless the lease specifies a longer period, up to a maximum of 60 days. [3]
Rent Payment
- Grace Period: Seven calendar days. [4]
- Maximum Late Fee: $50 or 5% of the past due rent amount.
- NSF Fee: Up to $20 per bounced rent check. [5]
Landlord Resources
- Landlord-Tenant Laws – Colo. Rev. Stat. § 38-12 (Tenants and Landlords).
- Handbook – Colorado Landlord and Tenant Rights.