Is it necessary that the landlord give a written statement regarding deduction from the security deposit in Colorado?
My tenant surrendered the rental premises this month. I am supposed to refund his security deposit in a few days. I will be making few deductions from the security deposit with the consent of my tenant. Do I have to provide my tenant a written statement specifying the reasons for making such deductions? I am a resident of Colorado.01/21/2017 | Category: Landlord Ten... » Security Dep... | State: Colorado | #30714
C.R.S. 38-12-103 reads:
“(1) . . . In the event that actual cause exists for retaining any portion of the security deposit, the landlord shall provide the tenant with a written statement listing the exact reasons for the retention of any portion of the security deposit.”
In the given instance, you may be required to provide your tenant a written statement specifying the reasons for making the deductions from the security deposit.