The rule
- Deposit limit
- 2 months’ rent
- Return deadline
- 30 days
- Interest owed
- Not required
- Itemized deductions
- Required
- The limit
- Applies to deposits required on or after August 7, 2023. Separate limits apply to pet deposits (§ 38-12-106).
- The deadline
- Within 30 days after the lease ends or the premises are surrendered, whichever is later; the lease may extend this to no more than 60 days.
- Interest
- State law doesn’t require interest on the deposit.
- Deductions
- The landlord must give you an itemized list of anything kept from the deposit.
- If it isn’t returned
- Wrongful withholding forfeits the right to keep any of the deposit; the tenant may recover three times the amount wrongfully withheld plus attorney fees and costs after giving the landlord 7 days’ written notice of intent to sue.
Law: Colo. Rev. Stat. § 38-12-102.5, § 38-12-103
Last reviewed September 30, 2026
Not legal advice. Statutes change; check the linked section.