Colorado SB054 allows landlords to require a security deposit exceeding two monthly rent payments if a post-closing occupancy agreement exists.

Colorado SB054 amends the state's security deposit law to allow landlords to require a security deposit exceeding two monthly rent payments in cases where the landlord and tenant have executed a post-closing occupancy agreement. This exception takes effect on November 1, 2026. The bill modifies the Colorado Revised Statutes to include this exception, ensuring that the statutory limit on security deposits does not apply under these specific circumstances.

Colorado SB054 allows landlords to require a security deposit exceeding two monthly rent payments if a post-closing occupancy agreement exists.

Colorado SB054 amends the state's security deposit law to allow landlords to require a security deposit exceeding two monthly rent payments in cases where the landlord and tenant have executed a post-closing occupancy agreement. This exception takes effect on November 1, 2026. The bill modifies the Colorado Revised Statutes to include this exception, ensuring that the statutory limit on security deposits does not apply under these specific circumstances.