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Around 45% of residents in Colorado are at risk of eviction due to being behind with their rent payments. Whether you are a tenant or landlord, knowing the eviction protection laws and how to navigate them smoothly is essential.
Denver real estate continues to be in demand, with renting being a popular choice for many residents. However, renting does not come without issues, which can lead to eviction. While nobody wants to get to the stage of eviction, there are eviction protection services available to help you through the process.
Follow this brief guide to learn three things about eviction protection in Denver, Colorado.
1. Real Estate in Denver: The Overall Eviction Process
It is essential to be familiar with the eviction laws in Denver to follow processes correctly. Tenants have ten days to vacate their homes after an eviction notice given by a judge.
Landlords cannot evict a tenant without a court order. They also cannot legally deny access to the property or remove possessions without a court order. Tenants can also dispute allegations if a ten-day Demand is given.
Following late rental fee processes, which have limits and grace period regulations, is also critical. For example, as a landlord, you cannot charge a late fee every day, just one per each late month of rent. A tenant can come to an agreement with a landlord before a deputy sheriff evicts, but this agreement should be in writing.
2. Landlord Eviction Protection Services
One of the best ways for a landlord to get eviction protection is through a full-service property management company. There is often the opportunity to get eviction protection service. This means the property management company will manage the eviction process, including costs and fees associated with eviction, up to a specific cost, such as $2000.
Usually, new tenants will be covered after you sign the management agreement with the property company. In comparison, tenants already with leases will be covered after several months.
Programs do not often cover lost rent, move-out costs, or property damage. However, if you have full-service property management support, they will advise you on the best steps to take to cover yourself in case of eviction.
3. Tenant Eviction Protection
As a tenant, there are different eviction protection steps you can take. Property management services will ensure the eviction process is harmonious and handled with care. You can also access various Denver support services, such as emergency rental assistance and legal services.
Full-Service Property Management in Denver
It is critical to understand Denver's eviction laws and the eviction protection services available. As a landlord, it is important to know how these services relate to you and your tenants in order to work with them in an optimum way.
A full-service property management company is the best option to ensure eviction protection. PMI Foothills Property Management is here to help you maximize the benefits of owning Denver real estate. We strive to protect owner investments and provide tenants with comfortable homes to live in.
Schedule a consult with us today to discuss your property management needs.
