A rental agreement signed between two parties, a housing provider and a resident, signifies that both parties agree to the terms of the lease. In some cases, when a resident doesn’t voluntarily return the property or when someone stops paying rent, the process to get the property back can take between two and four months. The timeframe depends on the county and fact pattern. Any policy that increases the time it takes to get a rental property back increases the cost of borrowing the property, thereby increasing rent for the property.
If a resident is evicted in Colorado, the resident is allotted a 10-day grace period before a housing provider can begin the eviction process. Some elected officials would like to increase this grace period. However, the extra amount of time some legislators propose poses risks, including an increased risk of a housing provider losing the property.
The hope is that Colorado residents never have to experience an eviction. Colorado state law identifies legal cause of eviction as the resident failing to fulfill rent or other monetary payments to housing providers, thus violating their lease, or committing what is deemed a “serious or violent act.” It is the resident’s responsibility to fully understand what behavior, actions or inappropriate uses of the rental unit serve as grounds for eviction. It is also important that residents have a grasp on how the eviction process takes place for the property being rented. Below are details to simplify the eviction process.