CO SB054

Creates an exception to Colorado's security deposit cap (currently limited to 2 months' rent) for post-closing occupancy agreements where a home buyer purchases a residence and the seller remains as a tenant after the sale closes

Exception takes effect November 1, 2026, allowing buyers-turned-landlords to require security deposits exceeding 2 months' rent in these specific real estate transaction scenarios

Amends Colorado Revised Statutes section 38-12-102.5 regarding security deposit maximum amounts

Bill takes effect August 12, 2026, assuming the legislative session adjourns May 13, 2026, unless a referendum petition is filed