Colorado § 4-2.5-208 Modification, rescission, and waiver

Colorado Statutes

§ 4-2.5-208 — Modification, rescission, and waiver

Colorado § 4-2.5-208

Title 04Uniform

Art.Leases

This text of Colorado § 4-2.5-208 (Modification, rescission, and waiver) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-2.5-208 (2026).

Text

(1)An agreement modifying a lease contract needs no consideration to be binding.

(2)A signed lease agreement that excludes modification or rescission except by a signed record may not be otherwise modified or rescinded, but, except as between merchants, such a requirement on a form supplied by a merchant must be separately signed by the other party.

(3)Although an attempt at modification or rescission does not satisfy the requirements of subsection (2) of this section, it may operate as a waiver.

(4)A party who has made a waiver affecting an executory portion of a lease contract may retract the waiver by reasonable notification received by the other party that strict performance will be required of any term waived, unless the retraction would be unjust in view of a material

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(1) An agreement
modifying a lease contract needs no consideration to be binding.

(2) A signed lease agreement that excludes modification or rescission
except by a signed record may not be otherwise modified or rescinded, but, except
as between merchants, such a requirement on a form supplied by a merchant must
be separately signed by the other party.

(3) Although an attempt at modification or rescission does not satisfy the
requirements of subsection (2) of this section, it may operate as a waiver.

(4) A party who has made a waiver affecting an executory portion of a lease
contract may retract the waiver by reasonable notification received by the other
party that strict performance will be required of any term waived, unless the
retraction would be unjust in view of a material change of position in reliance on the
waiver.

Legislative History

Source: L. 91: Entire article added, p. 282, � 1, effective July 1, 1992. L. 2023: (2) amended, (SB 23-090), ch. 136, p. 530, � 19, effective August 7.