Effective Date: January 1st, 2027
Key points:
- Security Deposit Exception:
- Creates an exception to Colorado’s existing two-month security deposit cap for post-closing occupancy agreements which take place when a home is being sold and the seller does a short term lease to remain in the home for a short time after the sale.
- Applicability:
- Applies when a landlord and tenant execute a post-closing occupancy agreement after a real estate transaction.
- Overall Impact:
- Allows larger security deposits in limited situations involving post-closing occupancy agreements that occur after the sale of a property.
