If you’re a landlord, it’s important to keep up with the current lease regulations. Robinson & Henry Evictions Attorney Dylan Becker discusses one of the changes recently made to lease laws in October 2021.
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Changes to Lease Laws in Colorado
It’s fairly common for landlords to use leases they’ve purchased online or even ones they have drafted from scratch themselves. If you’re a landlord who utilizes these types of leases, you definitely need to be aware of the new laws that took effect on October 1, 2021.
Residential leases require that the late fees be kept at the greater of 5% of the past due amount, or $50. Landlords in violation of this and many other statutory provisions will be at risk of potential liability.
In order to protect yourself, you should make sure your leases are as current as possible.
Get Help with the New Lease Laws
Our Evictions & Landlord-Tenant Law attorneys can help you ensure that your leases meet current regulations. Call 303-688-0944 to start your free case assessment.