4 New Laws For Colorado Landlords

What you need to know about four new significant laws that affect Denver property owners and landlords.
Learn more! www.rentgrace....

[@Idksomething883]

I moved to Colorado about a year ago. I cannot believe the minimal amount of protection our legislation provides tenants. They literally can financially destroy a tenant at will with zero consequences. Now, I make pretty good money, but the fact that I can be rolled over into a month to month agreement after the end of a TERM lease is unfathomable. Not only that, they are 100% legally allowed to charge any dollar figure they want for that duration of time with a 30 day notice. I’m from Ohio and the laws are significantly different where they don’t offer protection to property management companies the way they do in this state. I haven’t researched it so not something I can speak on confidently. However, I would venture to say that the majority of states in the US do a significantly better job at protecting their constituents from unanticipated financial damages but I guess who funds the campaigns right? Everything is fine and dandy until you want to move out and stop supplying a landlords pockets. I also think it is entirely wrong to write into legislation that any demand for legal fees is entirely NULL AND VOID and then require the losing party to pay both parties legal fees. Your taking an unreasonable risk at that point on how an individual/judge is feeling that particular day on any determination on matters in question. That entirely contradicts what they outlined…. NULL AND VOID. I mean, I literally made the general assumption that what my property management company did to me over the past month (Red Peak) was entirely illegal based on my moral foundation. I made the assumption that participating in that type of business practice was so unethical that why would the law not provide protection against it. After putting hours of research, this state doesn’t provide protection to their residents. They don’t and I would make the assumption that they don’t even care because whose supplying their pockets when it comes to campaign donations?

[@Idksomething883]

Also, good video, great communication skills!

[@gracepmdenver]

Glad you enjoyed it!

[@TH-rl3dm]

Thanks for posting this. I always pay my rent but my complex is horrible and wont provide me proof of bills. Have allowed me to have sewage leaking and told me it was just water. They charged me 200 in fines even though I paid my rent on time. They are the worst company I have ever dealt with. Had to call code today. Its good to know these new laws.

[@gracepmdenver]

Yes - you can demand proof of bills. And if you can't get satisfactions - contact code enforcement.

[@TomJones0065]

If the Landlord Raised The Rent During the Pandemic when they were not suppose to what can be done? The Manager had told me, " IF PEOPLE WANT TO PAY IT WE WONT STOP THEM!" What can I Do? ANYTHING! I have been ASKING sense they did this, and now there raising it again.. No one knows or wants to help anyone anymore.

[@robertbaron90]

Very clear and concise and helpful info, even for me as an apt renter in CO. Thanks. Have you done any videos on renter rights where a landlord mutually agrees via email to provide apt upgrades in exchange for a renter signing a new 12-month lease, but reneges on certain of the upgrades after the new lease is in effect?

[@gracepmdenver]

Glad you found the info helpful! We don't have any info on your specific question if a landlord reneges on an agreement, but we recommend you check the resource below for full info on tenant rights in Colorado: rentersavenue.com

[@robertbaron90]

@@gracepmdenver Thanks for the link!

[@aarondavid9763]

What if the landlord pays for the bedbug inspection and finds nothing? Landlords just eat that up? No limits on the amount of "bedbug claims"? Sounds like a way for the tenant to harass the landlord.

[@gracepmdenver]

Great question Aaron. Per the law - the landlord must pay the cost regardless of the outcome of the inspection. And no limits on the 'bedbug claims' from tenants. As long as a landlord has a strong relationship with their tenant - hopefully should not be a problem.

[@professorpicklebottom4165]

Not if they're a good landlord most people won't report nothing to cause trouble. A lot of scummy people don't pass background checks so I don't see this being a problem. The tenant can't gain anything from it at all (no monetary gain or legal gain). They can't take a landlord to court if they have no bed bugs.

[@cherylguo2766]

What is the tenant security deposit law in regards of what type of bank account to hold it. If the landlord has a manager who should hold the security deposit the landlord or the manger? Thank you

[@gracepmdenver]

Property Management companies are required to hold the money in a legal trust account. The law does not dictate how an individual landlord should hold the money - so they can do whatever they want with it. Another reason to rent from a reputable property management company - they will protect your money. Also ask your property manager about protection from potential foreclosure issues - they should be able to protect you from that also.

[@rodriguezvalerie7106]

I’m having that same issue that you used for ur example in your warranty of habitability about mold is landlord responsible to fix it or not

[@gracepmdenver]

Yes - the landlord would normally be responsible for mold repairs and remediation.

[@gigi9301]

Oh God! Just three more years of playing landlord, and I'm selling. Anybody out there thinking that it's easy to be a landlord, please think twice. I've had more headaches with tenants than I care to recant.

[@gracepmdenver]

@Susana Sullivan In our 40 years we have found most tenants and most landlords to be honest and well intentioned people. Just like landlords 'screen' applicants, if you are a tenant you want to 'screen' your potential landlord before signing a lease. Below is a link to where we discuss '5 things every tenant should demand from their landlord'. www.rentgrace.com/blog/5-things-every-tenant-should-demand-from-their-denver-landlord

[@na8120]

What if lease up

[@gracepmdenver]

Great question! These laws supersede any lease agreement.

[@yvonnemartinez7843]

What if your landlord don't care about rules at all

[@gracepmdenver]

The laws addressed in this video are required by Colorado state law, so your landlord has to follow them whether they like it or now. If your landlord is in violation you can either contact the real estate commission or an attorney to help you.