In Colorado, a proposed bill aims to protect tenants and their families from financial burdens in the event of a tenant's death. The bill prohibits residential rental agreements from including clauses that would:
Accelerate rent payments;
Impose liquidated damages or other penalties;
Require forfeiture of refundable amounts.
These provisions would be unenforceable if a rental agreement is terminated early due to the death of a tenant or another individual responsible for rent payments. This legislative effort seeks to prevent landlords from imposing additional financial hardships on grieving families during such difficult times.
Summary
The bill prohibits residential rental agreements from requiring
acceleration of rent, liquidated damages, or other penalties, or from requiring a person to forgo a sum of money that would have otherwise been refunded, if the rental agreement is terminated before the end of its term due to the death of a tenant or other individual who is responsible for the payment of rent under the rental agreement.
