Colorado Rental Application Form
Rental Application Fee
The Rental Application Fairness Act states that the landlord should not charge an applicant a rental application fee unless the entire amount will be used to cover the cost of processing the rental application. The amount will be based on the actual expense of the processing. If the landlord fails to spend the entire amount of the fee, they should return the balance to the applicant. The landlord is also required to provide a receipt.
All applicants for the same property should be charged the same rental application fee. The landlord should provide prospective tenants with an itemized expenditure from the rental application process.
in Colorado, there is no limit to how much security deposit a landlord may impose, but it cannot be non-refundable. It’s the same rule even for leases that are short-term. No state compels the landlord to put the deposit in a bank account or financial institution.
The crucial thing is that the Landlord should be able to return the security deposit within a month following the end of the rent agreement. It could be longer as long as it is stated clearly in the agreement, but it should not exceed 60 days (CO Rev Stat § 38-12-103 (2020)).
If there is cause for withholding part of the deposit or its entirety, the landlord should provide a written statement with cost details.