A Colorado lease agreement is a legally binding agreement between a lessor (landlord) and a lessee (tenant) who wants to lease the property stated in the lease agreement for a specified term in exchange for payments towards the lessor. The additional provisions that might go into a rental lease agreement colorado would depend on the type of lease.
When Do You Need a Colorado Lease Agreement?
A rental lease agreement colorado is required when a landlord and a tenant wants to lease the property.
The Colorado Residential Lease Agreement is the most common type of residential lease contract, which is used by landlords and Colorado property management companies.
Colorado Rental Agreement is often oral, and while they could provide freedom and flexibility for both landlords and tenants, the variability could come with its own drawbacks.
In Colorado, a rental application is a form used to screen potential tenants to check if they are financially fit and responsible enough to be an ideal tenant. Common information collected of a rental applicant contains-
- Information about the Tenant (Name, Social Security Number, Driver’s License, Phone Number, etc.)
- Information about Current and Previous Tenancy;
- Information about Current and Previous Employment History;
- Information about Financial Status and Credit History;
- Vehicle Information; References (In Case of Emergency);
- Names of Other Occupants
Purpose of a Colorado Lease Agreement
This Agreement states the obligations of both the landlord and the tenant. The rental lease agreement colorado is made for landlords and tenants to arrive at a mutual agreement over the renting of residential or commercial space.
Inclusions in the Colorado Lease Agreement
Parties involved: In the creation of this agreement, there are usually two parties involved, the first being the landlord, and the second is the tenant.
Effective dates: This agreement would state the date on which the license will start
Where does it apply: This agreement is legally binding within the boundaries of the state of Colorado, where it is originally drawn at.
How to Draft a Colorado Lease Agreement?
A Colorado residential lease agreement states the rights, duties, notices, disclosure obligations as well as procedures in a landlord/tenant relationship. The landlord would want his tenants to be fully aware of and to understand the terms of the lease and what is expected of the tenant and of them. If the rental agreement is to be for 30 days or more, it should be in writing to be enforceable.
There are things that require being included or omitted in the rental lease agreement in order for it to be enforceable are;
Property Information – The property address should be incorporated in the colorado residential lease agreement form, so the landlord and the tenant are sure on what property or portion of the property is being rented. The landlord also needs to state the term of the lease and when it starts as well as ends. The lease must reference if the agreement carries over from month to month or if there’s a finite termination date.
Property Price and Payment- The rental lease agreement colorado, should incorporate the price of the property, and instructions about how and when rent is to be paid. They might have differing opinions on how much the rent is and when it’s due and what happens if it is not paid on time
Occupants and Pet policy – A good lease will list the tenants in the property and any pets if the landlord allows pets. Indicate who would maintain the yard and the utilities. The parties to the lease must ensure that the lease has all the required signatures and dates. Both parties should get a copy so that the landlord/tenant can refer back to it if there are any questions.
Benefits of Colorado Lease Agreement
Under a rental lease agreement colorado, the tenant and the landlord are obligated for a set period of time. Unless the lease itself gives room for revisions, the landlord can’t raise the rent or change any lease terms. The landlord also can’t force the tenant to move out unless the tenant has violated one or more of the lease terms they have agreed on.
As a tenant in Colorado, the tenant is protected against unfair practices within the landlord-tenant relationship. Therefore, it is essential to know that the landlord cannot evict the tenant simply because the tenant has exercised their tenant rights.
Types of Colorado Lease Agreements
The most frequently used Colorado lease agreements contain commercial, residential, annual (standard), month-to-month, a roommate agreement, and a sublease. All leases should comply with Colorado state law.
Key Terms of Colorado Lease Agreement
The Colorado lease agreement must include;
- the type of lease (i.e., commercial or residential),
- the landlord’s name
- full legal address,
- the name of each tenant who will occupy the property (even if they are under 18 and won’t be legally responsible for the rent);
- term of the lease (one year, two years, month-to-month);
- amount of rent;
- due date of rent
Few other points that could be included are;
- code of sections,
- terms of lease, deposits,
- Discrimination (No discrimination on the basis of age, sex, sexual orientation, marital status, handicap, race, religion, creed, color, national origin, but does not prohibit compliance with local zoning ordinance provisions concerning residential restrictions on marital status);
- Uniform Residential Landlord & Tenant Act Adopted
What Happens In Case of Violation?
In Colorado, the tenant is considered to have breaching a lease if the tenant leave before the term of the lease is up.
Additionally, a tenant might be considered as breaking a rental lease in colorado if the tenant fails to follow other major requirements. For example, a landlord could hand the tenant an unconditional quit notice if the tenant continually breaks clauses in the lease agreement, as per Colo. Rev. Stat. § 13-40-104(1)(e.5) statute.
The landlord might also serve the tenant a 3-day notice requiring the tenant to pay the rent or else face an eviction lawsuit. This is in accordance with the Colorado Rev. Stat. § 13-40-104(1)(d) statute.
If the tenant has plans to leave early, then the tenant required to give the landlord an advance notice stating your intentions. This would help the landlord to find another renter as quickly, thereby mitigating damages.
Sample of Colorado lease agreement
Colorado lease agreement template can be downloaded from below. Download sample rental agreement template colorado in PDF / WORD format.
Download this USA Attorney made Original Agreement for only $9.99
This agreement is made between Landlord and Tenant on the effective date of 18th November 2011.
Landlord represented by
Mr. Albert Jackson
Address: 7641 Spring Drive, Boulder CO 80303
Contact number: (303) 440-4999
The tenant represented by:
Mr. Benjamin Roth
Address: 2503 Broadway Street #1, Boulder CO 80304
Contact number: (303) 455-5483
Terms and Conditions:
- The “Landlord” is leasing the Premises “7641 Spring Drive” in Boulder County in the state of Colorado to the “Tenant” – Mr. Roth based on the terms and conditions as contained in this Colorado lease agreement. The “Tenant” is leasing the said “Premises” from the Landlord – Mr. Jackson, on the terms and conditions of this lease agreement.
- The “Landlord” shall lease the above-mentioned premises to the “Tenant,” and the “Tenant” will lease the said premises from the “Landlord” with all appurtenances for a period or term of 2 years [months or years], and such term will begin on 20th November 2011 and end on 21st November 2013 at 11 am.
- The monthly rent for the said premises is “Four thousand” [DOLLARS] ($ 4000) payable on the 7th (Seventh) day of each month, with the first payment to be made on the day of the execution of this Colorado lease agreement.
- The said “Premises” would be occupied by the “Tenant” and his or her immediate family, consisting of 5 members. It should be treated as a single-family dwelling, and at any given point in time, the “Tenant” cannot use any part of the said “Premises” for carrying out any trade or business.
- The “Tenant” cannot reassign this Colorado Lease Agreement or sub-let the said “Premises” or any part of it without written permission from the Landlord.
IN WITNESS WHEREOF, the parties “Landlord” and “Tenant” have executed this Colorado Lease agreement as on the date set forth, which is 11/18/2011 (MM/DD/YY).
SIGNED FOR AND ON BEHALF OF LANDLORD BY:
SIGNED FOR AND ON BEHALF OF TENANT BY: