Property Management
In Colorado, a landlord who accepts a security deposit must:
APlace it in a bank account bearing interest for the tenant
BReturn the deposit or provide an itemized written statement of deductions within 60 days of move-out✓ Correct
CReturn the full deposit within 7 days of move-out
DUse the deposit only for last month's rent
Explanation
Colorado law requires landlords to return the security deposit or provide an itemized written statement of deductions within 60 days after the tenant vacates. If a lease allows shorter time, the landlord must comply with the lease deadline.
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