Colorado Commercial Lease Agreement Form
Colorado Commercial Leases Agreements set the terms for renting business properties like offices, retail spaces, and warehouses in the state of Colorado.
Colorado law includes specific rules on disclosures, security deposits, and lease terms in Commercial Lease Agreements. Both landlord and tenant need to fully understand these regulations before signing the agreement.
This document also explains the rights, responsibilities, and legal protections for both landlords and tenants.
Having a comprehensive Commercial Lease Agreement can prevent any misunderstandings throughout the lease. It can protect the landlord or tenant if any disputes arise.
Required Disclosures in Colorado Commercial Space Lease Agreements
Certain disclosures must be included in this document under Colorado law:
- Energy efficiency: Landlords may be required to disclose information about the energy efficiency of the property. This helps tenants understand potential utility costs associated with the space.
- Hazardous materials: Tenants must be informed of any hazardous materials present on the property, such as asbestos or lead-based paints. These materials are more likely to be found in older buildings.
- Americans with Disabilities Act (ADA) Compliance: Landlords must guarantee that the property complies with ADA standards. The necessary accessibility features for individuals with disabilities must be provided.
Rent Grace Period
There is no mandatory grace period for rent payments in commercial leases in Colorado. Any grace period, including its length and conditions, should be explicitly stated in the lease agreement. This is done to avoid misunderstandings between the landlord and tenant.
Colorado Commercial Lease Security Deposits
Security deposits cover potential damages, unpaid rent, or breaches of the lease terms. They can reassure landlords that they will not suffer any financial losses when entering a Lease Agreement.
There is no cap on security deposits for commercial properties in Colorado. The landlord and tenant usually negotiate the amount before signing the lease. Factors like the property condition, lease duration, and the tenant's credit history are taken into account.
In Colorado, the landlord must return the full security deposit within one month after the lease ends or the tenant vacates the property, whichever is later. If the lease allows more time, the return period cannot exceed 60 days. (CRS § 38-12-103)
Helpful Resources
If you’re entering a Colorado Commercial Lease Agreement, the following resources may be useful to you: