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Old 10-14-2020, 07:43 PM
 
90 posts, read 213,228 times
Reputation: 75

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Posting for a friend. In CO I moved into a room in the LL house. I paid deposit of 1 month rent and first month rent, I have a receipt. That was 1 year ago. I gave LL/roommate my 30 day notice of moving out and everything was fine. Until he asked if I could hold off on getting my deposit back till after his taxes come in. I’m a little miffed, I had to pay my deposit/rent that day. Is there a law in CO where the LL is to keep the deposit somewhere and not spend it unless I messed the place up? I’m pretty sure the guy spent the money. He just went through a divorce and complains all day about paying child support now.
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Old 10-14-2020, 08:56 PM
 
Location: Phoenix, AZ
6,341 posts, read 4,903,282 times
Reputation: 17999
Quote:
Is there a law in CO where the LL is to keep the deposit somewhere and not spend it
Colorado does not have that requirement. However, the Colorado security deposit statute is quite strict with severe monetary penalties against a landlord that wrongfully withholds the deposit.

Scroll down to Colorado statute 38-12-103 Return of Security Deposit:

https://law.justia.com/codes/colorado/2019/title-38/

You might have to sue him for the money. Print out a copy of the statute, show it to him and remind him he could owe you 3 times the amount of the deposit when it goes to court and once you get the judgment you'll garnish his pay to get the money.
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Old 10-17-2020, 06:49 PM
 
5,989 posts, read 6,780,482 times
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Don't do that. He'll come up with a list of fake damages to deduct from your deposit, and you'll never get a penny back. Make sure you have given him your new address in writing, that you can prove - like an email, or a text. Wait until the deadline has passed. Then just file in court against him.

This man was never your friend. He has stolen from you. He's not going to give it back, just because you warned him. Just go ahead and file against him the day that you are eligible to do so.
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