But I Thought We Were Friends….

Filed Under (Leases and Landlord Tenant) on 08-11-2011

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At the beginning of a tenancy or rental period, most Colorado landlords and their tenants are amiable and hopeful about the relationship.  Both believe that any issues not discussed or contained in the lease will be reasonably addressed in the future.

Unfortunately, it doesn’t always work out this way. In fact, some of those “unspoken assumptions” become disagreements that later give rise to bitter court disputes.

Better safe than sorry

Given these realities, it’s wise to document the condition of your rental property before your tenant moves in. You can use any and all of these methods:

•    A walk-through inspection paired with a written inspection report .  Your tenant should accompany you on the walk-through and sign the report.  You can use the same report when you return the security deposit  or need to keep a portion of the deposit for repairs.  The advantage of this method is that your tenant signs it, and the court likes documents.
•    Videotaping or photographing the premises. (Most good phones have video capability).  The advantage of this method in court is the adage, “pictures never lie.”

                 Documenting damage and repair

Any damage to your rental property should also be documented before your tenant moves in and, if necessary, fixed. Plumbing leaks, mold, carpet damage (a major source of contention in security deposit damage disputes), and marred hardwood flooring should all be documented and fixed before your tenant moves in. That way, it’s clear that you have taken steps to fix any problems before the rental period starts.

When your tenant moves out, bring the original inspection report  into the rental, and do another walk-through. Discuss any damage that occurred beyond normal wear and tear. Remind your tenant that you will be deducting the cost of repairs from the security deposit .

For more information, see the Landlord & Tenant Guide to Colorado Leases and Evictions, 5th Edition , by Victor M. Grimm, Esq. and Denise E. Grimm.

Colorado Landlords: When and How to Return Security Deposits

Filed Under (Leases and Landlord Tenant) on 03-11-2011

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Colorado landlords are sometimes confused about security deposits. They wonder when to return them and what they can withhold.

Here are some basics you need to know

• Unless the lease says otherwise, you have 30 days to return the security deposit and/or provide a written detail of the amounts withheld. (The longest a Colorado lease can extend that period is 60 days). The clock begins ticking when the lease ends or when the tenant surrenders (and landlord accepts) the property, whichever comes last.

• You can only keep money from the security deposit for: Continue reading “Colorado Landlords: When and How to Return Security Deposits” »

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