Landlord Tenant Closing Statement to Reconcile Security Deposit - Colorado 2026

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  1. Click ‘Get Form’ to open the Landlord Tenant Closing Statement in the editor.
  2. Begin by entering the Landlord's name and the leased premises address at the top of the form. This information is crucial for identifying the parties involved.
  3. Fill in the tenant's information, including names, forwarding address, and new phone number. Accurate contact details ensure smooth communication.
  4. In the Security Deposit section, input the amount paid, any other deposits made, and applicable rent credits. This will help calculate total credits accurately.
  5. List any cleaning charges or damage repairs under 'Charges to Deposit and Credits.' Be specific about each charge to maintain transparency.
  6. Calculate total charges including unpaid rent, uncollected late charges, and interest. Ensure all amounts are clearly stated for both parties' understanding.
  7. Finally, indicate amounts due to the tenant and retained by the landlord. Include comments if necessary and ensure that a signature is provided before delivering or mailing it to the tenant.

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A landlord cannot keep the security deposit to cover normal wear and tear. Thus, a landlord cannot charge you for normal cleaning if the apartment or house is left in as good or better condition than first occupied.
If the tenant and landlord cant docHub a compromise, the tenants best remedy is to sue the landlord for the money withheld, leaving it up to the small claims court judge to decide who is telling the truth.
Its essential to know what cannot be deducted from a tenants security deposit. Prohibited deductions include: Normal Wear and Tear: Deductions for minor wear and tear, such as small scuffs on walls or loose doorknobs, are not permitted.
When do I get my deposit back? The landlord has 30 days, unless your lease allows more time (not more than 60 days) to return the deposit or give you an exact and specific list of deductions. You must receive your deposit or an itemized list within that time.
Tell the scheme if the landlord or agent do not reply or refund your deposit within 10 days of you writing to ask for it back. The scheme will contact your landlord. They will tell them to pay the money into an account until the dispute is resolved and offer dispute resolution to you both.

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People also ask

Security deposits should be listed on a closing statement as a credit to the Buyer. This represents the buyer receiving the funds back as they fulfill their contractual obligations.
As per law, the landlord can deduct arrears or major repair expenses from the security deposit before refunding the rest to the tenant. Tenants cannot claim a security deposit refund in cases of rent agreement renewal. The refund amount is only returned if the tenant vacates premises after tenure expiry.

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