Landlord Question and Answer Forum

Forum / General Property Management / Colorado Late Payment Rules

After reading some of the posts on the forum - I am curious about Colorado law for late fees. My lease package only states the following blurb - "If the rent of any other charges are not received by the Landlord on or before 5 days after rent due date, Tenant must pay a late fee of $25 in addition to the rent." Does this mean I can only charge $25 regardless how late they are? Does Colorado not allow for the $25/per day? Thanks in advance for your advice.

James E, CO on Tuesday, August 16, 2016

RE: Colorado Late Payment Rules

I do not think that Colorado regulates the amount you can charge. Usually it maxes out at a certain percent of the monthly cost. However the best way to help maintain this and regulate, add the specifics to your lease so that it is plain and concise.

Posted by Susan P, CA on Thursday, August 18, 2016

Return to the General Property Management Forum

Read related General Property Management Articles

Documents related to this forum

Articles related to this forum

Did Your Tenant Let the Pipes Freeze?
Posted October 12, 2017 Reader Rating:
What is an Addendum and How Is It Used?
Posted June 13, 2017 Reader Rating:
Rental Property Landscaping Dos and Don’ts
Posted March 28, 2017 Reader Rating:
How Much Rent Should You Charge?
Posted March 16, 2017 Reader Rating:

Highest Rated Discussions
allowing dogs Author: Jacob W, WI Updated: 06/24/2019 Rating:
Reantal Property Management Software Author: Harold P, MO Updated: 12/15/2021 Rating:
Options for Difficult Tenant Author: Jared B, UT Updated: 11/09/2015 Rating:
EZ Landlord Forms vs. On-Site Author: Troy D, WA Updated: 12/09/2014 Rating:
Tenant wants to add roommate Author: Scott H, IA Updated: 02/11/2012 Rating:

The forum is completely free to anyone! If you wish to post a message, you must log in. If you are not registered already, Join today to create a free account!

Any comments and opinions that are expressed by the users of this forum are solely those of the authors, and have not been reviewed or approved by ezLandlordForms.