Property Management
A Colorado landlord who wrongfully withholds a tenant's security deposit may be liable for:
AA. The deposit amount only
BB. Up to three times the amount of the wrongfully withheld deposit, plus attorney fees✓ Correct
CC. Double the deposit amount
DD. Only the deposit plus interest
Explanation
Under C.R.S. § 38-12-103, a Colorado landlord who wrongfully withholds a security deposit in bad faith may be liable for up to three times the wrongfully withheld amount plus reasonable attorney fees. This statutory penalty is designed to discourage landlords from wrongfully retaining deposits.
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