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Video instructions and help with filling out and completing Renters rights colorado eviction
Hi I'm mark Cunningham with grace property management if you're a landlord in Colorado this is big we have just seen four significant new laws get passed by our legislature that are impacting property owners and landlords effective immediately so I'm gonna give you a brief overview of those four laws to ensure that you are compliant with new laws that our Legislature passed number one relates to application feeds application fees that by the way these laws apply to all landlords across the board so they don't just apply to us because we're property management company if you are a landlord and you own one condo one single family home and you rent that out these rules apply to you across the board so the size of your company the size of your portfolio doesn't matter as relates to these with a few caveats specifically but number one relates to application fees here's just a couple pieces of the new law as it relates to application fee number one it limits the amount that can be charged it requires disclosure of what those fees are and it requires a receipt for applications you say that's all fine stuff and yeah it is it also requires specific action when applications are denied so you can't just say oh sorry you're denied you have to follow up and give them certain types of disclosures after that it requires that you also refund any unused portion of the application fees I could sell bit sticky it also limits the information that you can consider when processing rael application now this is big this is important because specifically you may not take into consideration rental or credit history beyond seven years prior you no longer may do that legally you also may not take into consideration criminal history beyond five years ago with some exceptions that means the criminal history that your applicants potentially did if it was more than five years ago again with some specific exclusions you cannot take that into consideration that's a big change in our rulings and our laws we have to be aware this now now by and large this new ruling on applications fees and processing the application doesn't seem to be a huge major impact for our industry but you've got to make sure you're in compliance the second law relates to bed bugs and specifically it has a couple things that say this if you as the property manager or the landlord or the property owner are notified by your tenant that they think there may be bed bugs you now have nine six hours the clock starts ticking to find a qualified inspector it must be a qualified inspector to get in there and inspect the property you have to report legally those findings from the inspector to the tenant and then if they determine that there are bedbugs present you must treat to eradicate at your expense doesn't matter where they.