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Video instructions and help with filling out and completing Colorado landlord tenant law security deposit
Music in this episode we will be discussing Colorado returning security deposit the Colorado Revised Statutes title 38 article 12 section 103 dictates the following timeframe and procedures for returning a tenant security deposit at the end of tenancy one month to deduct and return a landlord shall within one month after the termination of a lease for surrender and acceptance of the premises which ever occurs last returned to the tenant the full security deposit deposited with the landlord by the tenant unless the lease agreement specifies a longer period of time but not to exceed 60 days no security deposit shall be retained to cover normal wear and tear it is important to note normal wear and tear means that deterioration which occurs based upon the use for which the rental unit is intended without negligence carelessness accident or abuse of the premises or equipment or chattels by the tenant or members of the household or their invitees or guests statement of deductions required in the event that actual cause exists for retaining any portion of the security deposit the landlord shall prthe tenant with a written statement listing the exact reasons for the retention when the statement is delivered it shall be accompanied by payment of the difference between any sum deposited in the amount retained delivery of security deposit and statement the landlord is deemed to have complied with the section by mailing the statement and any payment required to the last known address of the tenant it is important to note this section shall not preclude the landlord from retaining the security deposit for non-payment of rent abandonment or non-payment of utility charges repair work or cleaning contracted for by the tenant penalty for failing to prstatement the failure of a landlord to pra written statement within the required time specified in the subsection one month to deduct in return shall work a forfeiture of all his rights to withhold any portion of the security deposit under the section penalty for failing to return security deposit the willful retention of a security deposit in violation of this section shall render a landlord liable for three times the amount of that portion of the security deposit wrongfully withheld from the tenant together with reasonable attorney fees and court costs except that the tenant has the obligation to give notice to the landlord of his or her intention to file legal proceedings a minimum of seven days prior to filing it is important to note in any court action brought by a tenant under this section the landlord shall bear the burden of proving that his or her withholding of the security deposit or any portion of it was not wrongful tenant rights cannot be waived any provision whether oral or written in or pertaining to a rental agreement whereby any provision of this section for the benefit of a tenant or members of the household is waived shall be deemed to be.