I am facing a unique situation in CO for which I have no idea where to find guidance. I recently moved out of an apartment where I resided for 3 years. I initially put down a deposit of $550.00. On my itemized statement, the management company has detailed that they deducted $250 from my security deposit in 2/2007. Why? It was an incentive to re-sign the lease for another year. Trouble is, I was never aware that this "incentive" would be withdrawn from my security deposit. It was framed to me that if I renewed for another year, I would receive a $250 refund off the first month's rent. I have demanded they provide documentation of this arrangement or especially anything I have signed authorizing it. They have not provided anything, and remain insistent that this was the "incentive."
I would like to know if anybody can advise if they have breached any laws or regulations on this matter, or if there may be a place I might look to research it.
Thank you for your time.|||Check your local tenants union
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