Results 1 to 2 of 2
  1. #1
    Join Date
    May 2008
    Posts
    1

    Default Colorado Upfront Rent

    My question involves landlord-tenant law in the State of: Colorado

    I have signed a 1 year lease for a town home in Colorado Springs, CO and due to bad credit (though our renting history is near perfect) our future landlord has verbally asked us to pay 4 months rent in advance: The first months rent, and the last 3 months. The lease that we signed does not require 4 months, but only states the prorated amount for the day we move in, and the first months rent and security deposit. I have three questions: Are we legally obligated to pay the last 3 months of rent in advance even though it is not on the lease? Secondly, if we decide not to go through with paying that much in advance, and the landlord does not consent for us to move in, how does the lease and its security deposit resolve itself? Can the landlord bar us from moving in for not agreeing to pay 3 months in advance even though the lease does not require it?

  2. #2
    Join Date
    Mar 2008
    Posts
    1,995

    Default Re: Colorado Upfront Rent

    Is the lease signed by the landlord and tenant already??

    Having people with bad credit pay several months in advance is a very common practice. As a landlord, it's still risky, especially for people with VERY BAD credit. That is because many landlords doing a 12 month leases around here would complain about getting ONLY four months rent, then lose rent for the next 6 months, which is the amount of time it takes around here to evict.

    One landlord complaining to me that he had such a tenant, made it a habit to skip out on rent, and would VOLUNTEER to pay several months up front.

    It does not have to be in the lease. If you pay the rent by check, you got proof that you paid it. And because the usual procedure is that you would have to fork over the money, i.e. the advance rent, plus the deposit, before you get the keys, it is not necessary to put it into the lease.

    If the landlord signed the lease, gave you the keys, and expects you to pay the up front rent after you move in, then it is his stupidity. Yes, you can argue at that point that the lease did not obligate you to pay ahead.

    On the other hand, if it was verbally agreed to, if I was that landlord, and you start telling me that since it is NOT in the lease, I will not pay it up front, then it's a red flag that it is someone who will NEVER live up to his or her commitment.

    To me, someone with bad credit is someone who cannot keep his commitments, argues about eveything, and generally makes a very bad tenant.

    1. Sponsored Links
       

Similar Threads

  1. Careless Driving: Careless Driving Colorado Springs, Colorado
    By CJ28 in forum Moving Violations, Parking and Traffic Tickets
    Replies: 1
    Last Post: 01-15-2010, 11:31 AM
  2. Roommates: Can Civil Court Make You Pay Your Full Portion of Rent for the Lease Upfront at Once
    By cocodionne in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 11-07-2009, 09:43 AM
  3. Collective Bargaining: Upfront Payment of Yearly Union Dues
    By Gene Jockey in forum Employment and Labor
    Replies: 5
    Last Post: 09-28-2009, 06:59 AM
  4. Eviction Process: Eviction After Rent is Paid in Colorado
    By DAD3B in forum Landlord-Tenant Law
    Replies: 3
    Last Post: 10-22-2007, 12:28 PM
  5. Eviction Process: Eviction in Colorado After The Landlord Accepted The Rent
    By dhill3219 in forum Landlord-Tenant Law
    Replies: 5
    Last Post: 10-03-2007, 08:05 PM
 
 
Sponsored Links

Legal Help, Information and Resources