Laws
Deadlines: In Colorado, a landlord is given 30 days to return the deposit to the tenant. The lease agreement may include a clause giving the landlord more time to return the deposit; however, this may not exceed 60 days.[1]
Hazardous Conditions: If the lease is terminated due to hazardous conditions, the deposit must be returned within 72 hours.[2]
Penalties: Failure of the landlord to comply with the demand letter (after seven days have passed) could result in the tenant being awarded three times the initial deposit amount.[3]
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