Updated on June 23rd, 2023
A Colorado lease agreement is a form used to convey the terms and conditions of renting residential or commercial real estate. A lease agreement is between a landlord and a tenant, the contents of which are often negotiated before being signed by all parties.
A landlord will often have a number of individuals apply for a rental property, so they have them complete a form to find out who is best suited to tenancy. After a tenant has been selected, the parties will agree upon a security deposit amount, advance rent amount, and move-in date. The lease agreement can be signed once the terms are properly understood.
Rental application – A form used by a landlord to find out information about prospective tenants and obtain authorization to perform background and credit history checks.
Commercial Lease Agreement – Used to legally bind a landlord and a tenant together in a commercial tenancy agreement. This form can be used to rent out office spaces, industrial buildings, or retail outlets.
Rent-to-Own Agreement (Lease Option) – A tenant who has entered into this type of contract will be given the opportunity to buy the property under certain terms and conditions agreed upon by them and the owner.
Month-to-Month Lease Agreement – This type of lease has no fixed end date but continues in perpetuity with the tenant paying the landlord rent every month until one of the parties terminates the agreement (with proper notice provided).
Roommate Agreement – A contract used by roommates to define the terms and conditions of a co-tenancy. This often covers matters such as the division of rent, cleaning duties, overnight guests, and other issues that are not specifically mentioned in the lease agreement.
Standard (1-year) Lease Agreement – This agreement allows a tenant to rent a property with a specific start and end date, paying the landlord rent every month. They may have the option to extend the contract after the year is up.
Sublease Agreement – This form is used by tenants to rent out a portion of their living space or the entirety thereof to another individual for a specific period of time.
Lead-Based Paint Disclosure – If the property was built prior to 1978, this form must be provided by the lessor to the lessee.
General Access – No statute; however, reasonable notice (twenty-four hours) is often standard.
Emergency Access – No statute; however, a landlord will typically gain access to a dwelling immediately if they believe it is an emergency.
Grace Period (§ 38-12-105(1)(a)) – Tenants must be given a seven (7) day grace period before being charged late fees.
Maximum Fees ($) (§ 38-12-105(1)(b), (c)) – Landlords are permitted to charge up to $50 or 5% of the past due amount (whichever is greater). However, these fees must be disclosed in the lease agreement to be valid.
Rent Increase Notice (§ 38-12-701) – No notice is required unless the lease term is less than six (6) months, then twenty-one (21) days’ notice must be given to the tenant.
Maximum Amount ($) – No statute.
Returning to Tenant (§ 38-12-103(1)) – Landlords must return security deposits within one (1) month after the termination of a lease. A lease agreement can specify a longer return period but no more than sixty (60) days.
Interest Required? – No statute.
Separate Bank Account? – No statute.