(1) The owner of a mobile home park or the owner's agents may charge a security deposit in an amount not greater than one month's rent.
Legal process, other than eviction, shall be used for the collection of utility chargesand incidental service charges other than those provided by the rental agreement.
A security deposit remains the property of the home owner, and a landlord shalldeposit each security deposit into a separate trust account to be administered by the landlord as a private trustee. For the purpose of preserving the corpus, the landlord shall not commingle the trust funds with other money; however, the landlord may keep the interest and profits earned from the corpus as compensation for administering the trust account.
Source: L. 73: p. 642, § 1. C.R.S. 1963: § 58-2-7. L. 81: (1) R&RE, p. 1815, § 5, effective June 9. L. 2020: (1) amended and (3) added, (HB 20-1196), ch. 195, p. 917, § 5, effective June 30.