Colorado Security Deposit Laws
In most cases, when you rent an apartment or other property, you are required to provide a security deposit. The purpose of a security deposit is to protect the landlord from economic loss should the tenant break the lease or damage the property beyond normal wear and tear.
Colorado defines wear and tear as deterioration of the unit that occurs over time from normal use. It does not mean damage because of negligence, carelessness, accident, or abuse by the tenant. For example, a carpet worn from being walked on is normal wear and tear, but a hole burned in the carpet from a cigarette is not.
The laws regarding security deposits vary from state to state with some states much stricter than others. Keep in mind that in addition to laws for an entire state, counties and cities often have their own laws. So, if you can't find a state law that addresses your situation, check to see if your municipality has a set of landlord/tenant laws.
Summary of Colorado Security Deposit Laws
Security deposits are important to both tenants and landlords. The tenant wants all the money back as soon as they move out. The landlord wants to retain as much of the security deposit as possible to pay for returning the rental unit back to good condition so that it can be rented out again. To see how Colorado treats this important subject, below is a summary of the relevant laws in easy to understand language.
Colorado Revised Statutes
Landlord Tenant Laws
Maximum Deposit Amount
Storage of Deposit
Deductions From Deposit
Reasons Landlord Can Withhold Deposit
|Return of Deposit||
Failure to Return Deposit
Note: State laws are always subject to change through the passage of new legislation, rulings in the higher courts (including federal decisions), ballot initiatives, and other means. While we strive to provide the most current information available, please consult an attorney or conduct your own legal research to verify the state law(s) you are researching.
Security Deposit Laws: Related Resources
- Tenant Rights, Laws and Protections: Colorado
- The Difference Between Last Month's Rent and a Security Deposit
- Security Deposit Laws Can Help Get Your Deposit Back
- What Can a Landlord Deduct from a Security Deposit for Cleaning and Repairs?
Questions About Colorado Security Deposit Laws? Ask an Attorney
The return of a security deposit can be a big deal. Tenants want the full amount of the deposit as soon as possible. Landlords want to be able to use the security deposit to pay for damages caused by the tenant. If you are having problems related to payment or retention of the security deposit for rental property, contact a Colorado landlord-tenant attorney near you to get answers to your landlord/tenant questions.
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