Colorado § 38-21.5-101.5 - Rental agreements - required provisions.
Full text of Colorado Colorado Revised Statutes § 38-21.5-101.5 — Rental agreements - required provisions., with citation guidance and answers to common questions.
§ 38-21.5-101.5. Rental agreements - required provisions.
(1) A rental agreement must contain:
(a) A notice stating that all articles stored under the terms of such agreement will be sold or otherwise disposed of if no payment has been received for a continuous thirty-day period; and
(b) A provision directing the occupant to disclose any lienholders with an interest in property that is or will be stored in the self-service storage facility.
(2) If a rental agreement limits the aggregate value of the property that may be stored in the occupant's storage space, that limit is deemed to be the maximum value of the stored property.
(3) A rental agreement may include a reasonable late fee for each month an occupant does not pay rent in full when due. A late fee of twenty dollars or twenty percent of the monthly rental amount, whichever is greater, for each late rental payment is reasonable and does not constitute a penalty. The owner shall not collect a late fee as part of the lien unless the amount of the late fee is stated in the rental agreement or in an addendum to the rental agreement.
Source: L. 2018: Entire section added, (HB 18-1117), ch. 68, p. 626, § 2, effective August 8.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 38-21.5-101.5
What does Colorado Revised Statutes § 38-21.5-101.5 cover?
Section 38-21.5-101.5 ("Rental agreements - required provisions.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 38-21.5-101.5?
A common citation format is "Colorado Revised Statutes § 38-21.5-101.5" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 38-21.5-101.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.