My question involves a security deposit in the State of: Colorado
Late June tenants reported water flooding in the basement of my rental home. It turned out that there was water leakage due to bursting of frozen pipe attached to an outside faucet. I found garden hose attached to the faucet and I guess that tenants left hose attached over the winter and that they opened the faucet only late June when frozen pipe burst. Drying and reconstruction cost of more than $10,000 is being covered from the home insurance, but I had to pay $1,000 deductible. The repair work is still going on. On July 31, the lease expired and tenants moved out. I believe I am entitled to deduct $1,000 (the above-mentioned insurance deductible that I paid) from tenants' security deposit. Before I do so, I am seeking advice from anyone who has knowledge on such damages. There was lease agreement with usual clauses, but no explicit mention of frozen pipe water damages.