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MortgageReal Estate

New Colorado law requires landlords to give 21-day notice of rent hikes, lease terminations

New law applies to short-term tenants

Thanks to a newly enacted law in the state of Colorado, renters in the state on short-term leases will now receive more advanced notice of rent increases or lease terminations.

The new law requires landlords to provide a 21-day notice to short-term renters (those on month-to-month leases or those with lease terms under six months) of rent hikes or terminations of their lease.

Previously, landlords were only required to provide a 7-day notice to short-term tenants.

The Denver Post has more details:

The legislation — Senate Bill 17-245 — passed with bipartisan backing from state Rep. Dan Pabon, D-Denver, and state Sen. Kevin Priola, R-Adams County.

Pabon said it took two years to get the legislation passed.

Housing advocates say the new law provides a more reasonable amount of time for renters to find another place if they can’t afford a rent hike or if the landlord needs them out.

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