Property Management Grand Junction Co in Accordance with the State Bill 12-070
The state of Colorado, specifically the Colorado Commission on Uniform State Laws has recently amended the Uniform Residential Landlord and Tenant Act (the Act) to apply to the local rules of the state. Property management Grand Junction co is bound to abide this law which serves as a guideline in maintaining a peaceful and orderly agreement between the landlords and tenants in Colorado.
In summary of the legislation, the state has provided some modifications in the said bill. The said Act hereby involves all the duties and responsibilities which landlords and tenants should comply with. It seeks to protect the rights of both parties by enumerating the terms which should be followed, and those who will not comply can be subjected to judicial provisions.
One of the main points given is the said bill concerns the security deposit, in which the landlord must return or reimburse to his tenant within 30 days after the end of the lease contract. The state of Colorado has changed the original provision of the law which gives the landlords permission to return the security deposit for 60 days. All the rental payment agreements must be properly negotiated in the form of a writtencontract.