Security Deposit in Colorado
State-specific overview · Property & Real Estate
Landlords must return deposits within one month and itemize deductions in writing.
How Colorado treats Security Deposit
Colorado requires landlords to return security deposits within one month of lease termination, along with an itemized list of any deductions. Landlords may deduct only for unpaid rent, damage beyond normal wear and tear, or lease violations. Interest accrues on deposits held longer than one year, and deposits must be held in a separate account or posted as a bond.
The general definition of Security Deposit
Money a tenant pays upfront to a landlord as a guarantee against damage or unpaid rent.
A security deposit is cash that a tenant gives to a landlord at the start of a lease, held as insurance against property damage or unpaid rent. The landlord must keep this money in a separate account and return it to the tenant when the lease ends, minus any deductions for legitimate damages or unpaid bills. Most states have strict rules about how quickly landlords must return deposits (often 30–45 days) and require them to itemize any deductions. If a landlord wrongfully keeps the deposit, the tenant can sue for the full amount plus penalties.
Read the full Security Deposit entry →This page is a plain-English reference and is not legal advice. State laws change frequently. For specific situations consult a licensed attorney in Colorado.