Property Management
Colorado's 'Landlord Mitigation Act' (C.R.S. § 38-12-702) requires landlords to:
AProvide 6 months free rent to all new tenants
BMake reasonable efforts to re-rent a unit rather than holding a breaching tenant liable for all remaining rent✓ Correct
CInstall smoke detectors at their own expense
DProvide flood insurance coverage to all tenants
Explanation
Colorado's mitigation statute requires landlords to make reasonable efforts to mitigate damages by re-renting a vacated unit if a tenant breaks a lease. Landlords cannot simply let a unit sit vacant and collect full rent from the breaching tenant.
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