Legal Question in Landlord & Tenant Law in Colorado
Any Limit on Rental Increase?
I am approaching the end of my second year in my apartment. The rental increase after my first lease expired was $10 per month. I've been notified that when the current lease expires my rent will increase $220 per month if I sign a 12-month lease--the increase is more if I sign for a shorter term. Is there a limit on rental increases in Colorado? Is there any landlord regulation or recourse for a tenant in this situation?
1 Answer from Attorneys
Re: Any Limit on Rental Increase?
Morning,
Your options are to negotiate or move out. There is no law that requires the landlord to make rental increases in the same proportion as before. They can raise the rent as they see fit once the contract term ends and they provide you appropriate notice. Good luck.