2024 brought about SIGNIFICANT OVERHAUL of lease termination and eviction law. A landlord’s ability to terminate or even non-renew a lease has significantly diminished. As discussed in our summary blog here, landlord tenant law in Colorado has seen significant change since the pandemic era.
Below we have provided a summary of the new laws that every landlord, property manager, and tenant needs to know. If you are a landlord, owner, or property manager, read carefully, and do your own research, as these changes may impact how your leases need to be drafted. And, the changes include significant penalties for non-compliance. Be forewarned: the below reading is dense.
2024 Colo. H.B. 1098 creates an entirely new statutory scheme for evictions and lease terminations/non-renewals (Codified at C.R.S. 38-12-1301 – 1307). Evictions are now either “for cause,” or “no fault.” New notice requirements exist. Importantly, Landlords are now forced to renew leases absent meeting the particular requirements and/or exceptions of the new statutory scheme. While this new system can benefit tenants who want to stay in their rental unit, freedom of contract for the landlord side, is significantly eroded.
This part of the statute appears to modify the pre-existing law on notices to quit during a lease term following the initial 12-month term, such as a month-to-month term. No-Fault Evictions allowed in certain circumstances:
For further information and advice regarding new landlord tenant laws or new eviction/lease termination laws, reach out to Volpe Law today to request a consultation. We can be contacted through our online form, or you call us directly at (720) 441-3328. Our team of dedicated attorneys are here to listen and identify the best legal options for you.
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