Investors in Colorado rentals “MUST READ”

CARES Act Update for Colorado Rentals

HB23-1099 (Portable Screening Report for Residential Leases) 1J

• Tenants can bring their own copy of criminal/credit background checks and you are required to accept that and not charge for it
• Must be within the last 30 days and you can verify at your expense

HB23-1120 (Eviction Protections for Residential Tenants)

• Mediation process and mediation advisements forms postings

HB23-1068 (Pet Ownership in Housing)

• Jan 1, limits pet deposits to $300 per property, limits pet fees to $35/month or 1.5% of the rent whichever is greater

HB23-1095 (Prohibited Provisions in Rental Agreements)

• Limits markups on vendor work done for security deposits to $10 or 2%, went into effect Aug 7

HB23-1186 (Remote Participation in Residential Evictions)

• Tenants and landlords can “show up” for eviction proceedings remotely, Jan 1

HB23-1254 (Habitability of Residential Residences)

• Specifies protocol for disasters, standard versus astrisk tenants, and the release of toxic contaminates, Aug 7

S823-148 (Illegal Drug Laboratory Property and Certification)

• Any illegal drug use at a property will go into a public database and be on file for 5 years, Jan 1

S823-184 (Protections for Residential Tenants)

• Aug 7, income qualification is 2x rent, no use of credit scores for subsidized housing, can still charge a full month’s security deposit but not to
  exceed two months

S823-206 (Disclose Radon Information Residential Property)

• Aug 7, new disclosure docs and radon pamphlet must be given prior to lease signing, tenants must sign as well, will operate much like lead-based
  paint disclosure

5B24-094 – Safe Housing for Residential Tenants

• Revisions to Warranty of Habitability

• Notification protocol

• Tenant portals
• Accommodations

HB24-1098 – Cause Required for Eviction of Residential

• Required to renew tenants unless:

• Landlord is selling the property

• Landlord is doing major renovations at the property

• Tenant has more than 3 late payments or other “major” violations during the lease term
• Landlord is moving back into the house