A Colorado standard residential lease agreement is a rental contract between a property landlord and the tenant who is to occupy the space for living purposes throughout the leasing term. Usually, standard residential leases last one year (12 months) and include an option to renew upon the lease’s maturity date. The written lease sets forth all binding terms, such as the total rental amount, rules pertaining to maintenance, and other policies affecting the tenancy. Landlords typically vet prospective tenants prior to enter an official contract, whether by sourcing a third-party background check company or running their own investigation. All parties must sign and execute the agreement after consenting to the set leasing conditions, each party keeping a copy of the lease for personal reference.
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