The Colorado Standard Lease Agreement assembles a concrete account to record the information contained in an agreement to rent a residential property. It is customary to conduct negotiations between the landlord and tenant(s), and once a mutual understanding has been met, to describe the terms in the written accord. The document lists necessary details regarding the identification of the lessor and lessee, subject property, rent schedule, utilities assignment, and security deposit requirements. The participating individuals can sign the paperwork to confirm the commitment and finalize the deal. Once the contract is signed, the tenant can compensate the landlord in the method specified by the leasing arrangement, and then the tenant can receive keys on or before the noted date of occupancy.
Rental Application – The owner of the property will want to establish the qualification of those applying for tenancy. The provided rental application can help in the process of reviewing possible tenants to ensure that they can afford rental payments with proof of sufficient income. The form also serves to dispense information on the history of the individual to ensure there were no previous issues with past rentals.