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Free letter · Colorado · updated 2026

Colorado Security Deposit Return Letter (Itemized Statement)

The itemized statement Colorado requires when you keep any part of a deposit — due within 60 days under C.R.S. §§ 38-12-102.5, 38-12-103 — generated from the deposit settlement in your ledger, with every deduction, the refund and the statute already in it.

Free forever · emailed with a delivery record · reviewed against Colorado Revised Statutes, Title 38, Article 12 (Tenants and Landlords)
60 daysReturn deadlineOne month; up to 60 days if the lease specifies
2 months’ rentMaximum depositTwo months’ rent (since August 7, 2023)
NoInterest owedNo
RequiredItemized statementRequired; normal wear and tear cannot be deducted

What applies to your Colorado move-out?

Pick the situation; the rule on each card is Colorado's statutory minimum — your lease can be more generous to the tenant, never less.

60days
Deductions takenSend the itemized list and the balance within 60 days. Normal wear and tear is never deductible; unpaid rent, damage beyond wear, and charges the lease allows are.Generated in-app from the settlement
60days
Full refundNo deductions to list, but the refund itself is still due within the same period. The statement is your proof of the date.Generated in-app from the settlement
Still due
No forwarding addressColorado does not pause the clock for a missing address: send to the last known address and keep proof of the attempt.Reference
No
Interest on the depositColorado does not require interest on a residential deposit — the amount returned is the amount held, less deductions.Reference

What a Colorado deposit statement must contain

Tenant name(s) and the rental addressPlus the date the tenant surrendered the premises — that is when the 60 days start.
The deposit held, including pet depositsThe full amount received at move-in, so the math adds up from the tenant's side.
Each deduction, described and priced"Damage" is not enough; "carpet replacement, bedroom 2, tenant-caused stain — $240" is. Attach receipts or estimates.C.R.S. §§ 38-12-102.5, 38-12-103
The balance refunded (or owed)If deductions exceed the deposit, the statement doubles as the demand for the difference.
Sent to the forwarding address, on timeMail it to the address the tenant gave; keep the date and the method. One month; up to 60 days if the lease specifies.
Landlord signature and dateAnd a copy on file with the lease — the court asks for it if the tenant sues.auto-logged

How it works

1 · Settle the depositAccounting → Deposit Disposition → Settle. Deposit held is pulled from the lease; add each deduction with a description and amount.
2 · Review the statementThe Colorado deadline, the statute and the deduction list are filled in. Add the forwarding address and receipts.
3 · Send and keep the recordEmailed to the tenant and downloadable for mailing; date, method and the PDF are logged with the tenant — the ledger posts the refund at the same time.

Colorado deposit return FAQ

How long does a Colorado landlord have to return a security deposit?

One month; up to 60 days if the lease specifies (C.R.S. §§ 38-12-102.5, 38-12-103).

What can I deduct from the deposit in Colorado?

Unpaid rent and charges the lease allows, and damage beyond normal wear and tear. Not routine cleaning, repainting, or carpet wear from ordinary use. Each deduction must be itemized.

Is there a limit on the deposit in Colorado?

Yes: Two months’ rent (since August 7, 2023).

Do I owe interest on the deposit?

No.

What if the deductions are more than the deposit?

The statement shows the balance owed and the tenant is liable for it. The in-app settlement posts the difference to accounts receivable so it is not forgotten.

Settle the deposit and send the Colorado statement in one step

Deductions, refund, deadline and the statute filled in from your ledger. Free.

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Deadlines and rules are Colorado's statutory minimums as of 2026, reviewed against Colorado Revised Statutes, Title 38, Article 12 (Tenants and Landlords). General information for landlords, not legal advice; local ordinances can add requirements.