Colorado Rent Late Fee Calculator
Calculate rent late fees and verify compliance with Colorado state regulations. Free instant calculator with legal compliance verification.
Colorado law provides a tenant-protective framework concerning rent late fees. Landlords are restricted to charging a maximum late fee of either $50 or 5% of the rent, whichever is greater. This regulation ensures that tenants are not subjected to excessive fees, promoting fairness in landlord-tenant relations.(C.R.S. § 38-12-102.5)
Related Statutes
In Colorado, the law caps late fees to ensure they are not punitive. The fee must not exceed $50 or 5% of the monthly rent, whichever is greater. This cap is designed to prevent landlords from imposing excessive financial burdens on tenants.
Key Factors:
- The amount of rent in question
- The fixed maximum fee of $50
- The percentage-based calculation (5% of rent)
Denver
Denver follows state regulations without additional local ordinances affecting late fees.
Learn moreSB23-184 Enactment
This legislative change established a maximum security deposit cap at two months' rent, further protecting tenants from excessive upfront costs.
Wyoming
No state cap on late fees
Utah
No specific state cap, but fees must be reasonable
New Mexico
Reasonable late fees allowed, no specific state cap
Landlord Best Practices:
- •Clearly outline late fee terms in the lease agreement
- •Ensure late fees do not exceed the legal maximum
- •Provide tenants with a grace period of 7 days before assessing late fees
Tenant Best Practices:
- •Review and understand lease terms regarding late fees
- •Communicate promptly with landlords about potential late payments
- •Utilize the 7-day grace period effectively to avoid late fees
Frequently Asked Questions - Colorado
$50 or 5% of rent, whichever is GREATER. 7-day grace period. Cannot evict for unpaid late fees. Security deposits capped at 2 months' rent (SB23-184, effective August 7, 2023).
View Official State Law →Updated October 2025