38-12-102.5. Security deposits - maximum amount.

Statute text

On and after August 7, 2023, a landlord shall not require a tenant to submit a security deposit in an amount that exceeds the amount of two monthly rent payments under the rental agreement.

History

Source: L. 2023: Entire section added, (SB 23-184), ch. 402, p. 2413, 5, effective August 7.

Annotations

Editor's note: Section 7(2) of chapter 402 (SB 23-184), Session Laws of Colorado 2023, provides that the act adding this section applies to conduct that occurs on or after August 7, 2023.