Colorado rental/lease agreement

Colorado rental/lease agreement

Types of Rental and Lease Agreements

1. Standard lease Agreement - This can also be known as a fixed-term agreement. This is because it is used to rent out a property for a fixed period- usually one year. When the one year is over and the lease term is up, the lease agreement can easily devolve into a monthly lease agreement until the landlord and tenant decide to renew the fixed lease.

2. Periodic Lease Agreement - A periodic lease agreement or month-to-month lease agreement is used for monthly renters and must be renewed when the month is over. A periodic lease agreement can be upgraded to a fixed lease agreement should the tenant decide to elongate their lease term to one year.

3. Sublease Agreement - This is used to rent out only a part of a property to a third party. It is usually used by tenants who have an extra room or land space they'd like to give out to make a little money. However, the tenant must comply with the landlord's terms for subleasing or subletting.  

4. Roommate Lease Agreement - A roommate lease agreement is a contract used to form a legal roommate relationship between individuals renting a place together. This contract usually contains each tenant's obligations to the landlord and each other.

5. Rent-to-own Agreement - After the tenant’s lease term is up, the rent-to-own agreement provides the opportunity for the tenant to buy the property. However, the title of the house remains in the name of the landlord until the tenant actually purchases the property.

6. Commercial Lease Agreement - A commercial lease agreement is usually used by a landlord or landowner to rent out a shop or any space to a business. This space would usually either serve as the main office, office extension, or storage facility.

How To Fill The Colorado Rental and Lease Agreement

Step 1 - Obtain the Form

We have provided a free copy of the Colorado rental and lease form on this webpage. Click the “Word” or PDF buttons to download your preferred copy instantly. Alternatively, you can build a customized copy for free using our rental and lease agreement generator.

Step 2 - Read the contents of the form

Most of the content in the document are statements of the terms and conditions for the rent or lease of the property in question. The terms are not static so they may not be the same as what you get in your form. Every landlord has the right to generate their terms as long as they are within the limits of the law. Some of the provisions of the Colorado rent and lease agreement contract are:

1. The type of lease: There are two types of lease agreements mentioned in the template we have provided - fixed and month-to-month. The type of lease chosen will determine the term of the lease and what happens if no renewal is made after the lease expires.

2. Occupants: The tenant must indicate how many people will be staying with them

3. The Property: A description of the property that highlights the full mailing address of the property, the type of residence, the number of bedrooms and bathrooms

4. Purpose: The tenant is to indicate the purpose for which they are renting or leasing the property. The properties covered by this form are mostly residential, if the tenant wants to use the property for something else, in addition, they must inform the landlord and indicate so in this agreement

5. Furnishings: Indicate whether the form is to be furnished with items (list items if so), or not furnished

6. Appliances: The landlord is to provide a list of appliances they are providing if they are

7. Rent: The rent amount must be indicated as well as the frequency of the payment which depends on the type of lease. The date on which the rent will be renewed must also be indicated.

8. Bounced Checks: If the client happens to pay the rent with a check that is not honored, the consequence must be indicated. This consequence is usually a monetary fee

9. Late Fee: The penalty for defaulting on the rent payment must also be indicated, it is usually in the form of a late fee which may increase by a certain percentage as the days go by.

10. The First Month’s Rent: The conditions for the payment of the first month's rent must be indicated 

11. Pre-Payment: If the tenant is required to pre-pay their rent, the landlord must indicate the amount to be paid as well as the dates of the start and end of the term

12. Proration Period: The landlord must indicate if the tenant can move in before the start of the lease term and the proration fee amount

13. Security Deposit: If the landlord requires a security deposit, they must indicate the amount

14. Move-in Inspection: The landlord and tenant must agree on whether or not the premises should be inspected before the tenant moves in

15. Parking: The landlord is to indicate whether or not the tenant will be assigned parking space, the parking space number, and any accompanying fees

16. Sale of the property: If the property is sold, the landlord must inform the tenant. The tenant must be informed if the new owner would possess the right to terminate this agreement

17. Early Termination: The landlord is to indicate whether or not the tenant has the right to terminate this agreement before the end of his lease term and the fee to be charged if they do.

18. Waterbeds: The landlord is to indicate whether or not the tenant can have a waterbed in the apartment or not

19. Mailing Addresses: The landlord and tenant are to provide their mailing addresses

20. Agent Information: The landlord must provide the name, telephone number, and email address of the agent who would be managing the property

21. The tenant is then to study the terms for possession, access, abandonment, subletting, assignment, right of entry, maintenance, guests, and all other terms provided in the agreement.

Remember to go over these terms with a lawyer to ensure you would not agree to anything that is against your interests. After the form is signed, the agreement can take effect from the decided date.