Becoming a landlord can be a smart investment and a way to earn passive income, but before you start collecting rent checks, you need to get a landlord license in Denver, CO. The process may seem daunting at first, but with a little guidance and the right resources, obtaining your license can be a smooth experience. In this blog post, we cover everything you need to know to become a licensed landlord in Denver, CO.
Research Local Landlord Laws
In Denver, CO, all landlords are required by law to obtain a rental license within the first week of renting out property. You can obtain a license through the Denver Department of Excise and Licenses, which will require the completion of certain inspections and legal obligations. Review the Denver Revised Municipal Code of Ordinance on housing rules, landlord–tenant principles, and eviction activities so as to get well-oriented on the Denver law.
Schedule Inspections
Once you have submitted your application, you will need to schedule inspections to ensure your property is up to code. You will need to schedule a habitability and zoning inspection, as well as a premise inspection. As part of the habitability inspection, a Denver inspector will evaluate the cleanliness, ventilation, and lighting of the property. The zoning inspection is to verify if that building is in line with the Denver zoning standard for structure use, height, and floor space or volume.
Pay Fees
As with many other licenses and permits, getting a landlord license in Denver CO, comes with a fee depending on the size of the rental facility inspected. When all of the necessary requirements have been met, you will be provided with a rental license. Display it in the rental property where it can be easily accessible to tenants to see.
