SB 26-54

Senate Bill 26-54 changes Colorado's rules about security deposits for tenants. Currently, landlords can't ask for more than two months' rent as a deposit. However, the bill allows an exception if someone buying a house agrees to pay the seller to stay in the home after closing. This special rule starts on January 1, 2027. The bill has been signed into law and is now official.

Official Summary

Current law prohibits a landlord from requiring a tenant to submit a security deposit in an amount that exceeds 2 monthly rent payments. The act creates an exception to this prohibition for cases in which a buyer and a seller of residential real property have executed a post-closing occupancy agreement in connection with the sale. The exception takes effect January 1, 2027.(Note: This summary applies to this bill as enacted.)

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