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, the landlord is required to provide the tenant a written statement listing the exact reasons for any deductions made from the security deposit. The relevant statutory provision in this regard is stated below.C.R.S. 38-12-103 reads:
“(1) . . . In the event that actual cause exists for retaining any portion of the security deposit, the landlord shall provide the tenant with a written statement listing the exact reasons for the retention of any portion of the security deposit.”
In the given instance, you may be required to provide your tenant a written statement specifying the reasons for making the deductions from the security deposit.
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.
