We’ve seen three significant bills concerning rentals introduced this session.  HB18-1127 would impose significant requirements during rental application process; SB18-010 would place requirements on landlords to provide tenants with documentation of signed leases and security deposit receipts, and SB18-120 would modify the time period for tenants to cure unpaid rent.  So far this session SB18-010 is the only bill heading to the Governor for signature.  The other two bills did not pass.  Here’s what you need to know about SB18-010:

SB18-010: Residential Lease Copy and Rent Receipt, requires a residential landlord to provide each tenant with a copy of a written rental agreement signed by the parties and to give a tenant a contemporaneous receipt for any payment made in person with cash or a money order. For payments not made in person with cash or a money order, the landlord must provide a receipt if the tenant requests it.  Here are the details:

  • Landlord must provide copy of signed lease (LL signature as well) to tenant within 7 days after tenant’s signature.
  • If tenant pays by cash or money order, the landlord must provide a written receipt of the amount received and the date.
  • If the cash or money order is delivered by someone other than the tenant, the landlord must provide the above receipt if requested by tenant and the receipt must be provided within 7 days of the payment.
  • Receipts and copies of leases can be electronic, except when the tenant requests a paper document.  If paper receipt or copy is requested the landlord must provide in paper.

You can read the entire text of the bill at https://leg.colorado.gov/sites/default/files/documents/2018A/bills/2018a_010_enr.pdf

Greg Parham, Attorney and Operations Manager for First Alliance Title