Do I need to provide a written statement for security deposit deductions?

Full question:

My tenant surrendered the rental premises this month. I am supposed to refund his security deposit in a few days. I will be making few deductions from the security deposit with the consent of my tenant. Do I have to provide my tenant a written statement specifying the reasons for making such deductions? I am a resident of Colorado.

  • Category: Landlord Tenant
  • Subcategory: Security Deposit
  • Date:
  • State: Colorado

Answer:

In Colorado, landlords must provide tenants with a written statement detailing the reasons for any deductions from their security deposit. According to C.R.S. 38-12-103, if there is a valid reason for retaining any part of the security deposit, the landlord is required to specify these reasons in writing. Therefore, in your case, you should provide your tenant with a written statement outlining the deductions you plan to make.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

In New Jersey, landlords must return security deposits within 30 days after the tenant vacates the premises. If deductions are made, landlords must provide an itemized list of the deductions and the reasons for them. This must be sent to the tenant's last known address. The maximum security deposit a landlord can collect is typically one and a half months' rent. Always check for any updates to the law or local ordinances that may apply. *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*