Unlike a fine wine, leases can leave a bad taste in your mouth if simply left on a shelf. Whether you are a commercial or residential landlord, if you haven’t read your lease recently, you can bet there are outdated terms or potentially inaccurate or incomplete provisions.
Many things have changed that have had quite the effect on leases – including the legalization of marijuana, reasonable accommodations, and the rights of tenants who are victims of unlawful sexual behavior and stalking.
One of the more recent changes took effect on August 9, 2017. Previously, both commercial and residential landlords could provide tenants under a short-term lease just seven days’ notice of lease termination, among the shortest notification windows in the country. C.R.S. § 13-40-107 extends that advanced notification requirement to 21 days.
Sunflower Bank announces an expansion of its Business Banking team and client offering in Boulder, Longmont, and Broomfield as part of its commitment to creating possibility and economic growth in its communities.
If you think your lease may need to be dusted off, it might be a good time to reach out to an attorney for assistance.