Colorado § 38-12-1405 Recordkeeping

Colorado Statutes

§ 38-12-1405 — Recordkeeping

Colorado·Title 38 Property -·Art. Tenants and Landlords

(1)For any rent-to-own contract, the seller of the mobile home shall maintain separate financial records for each rent-to-own contract.

(2)The seller of the mobile home shall provide the purchaser with either an annual accounting related to the rent-to-own contract or a disclosure that the buyer is entitled to request and receive an annual accounting of their rent-to-own contract. The accounting or the disclosure is due to the purchaser each year within ten days of the anniversary date of the rent-to-own contract. If requested, the annual accounting shall be provided within ten days upon the receipt of a request for accounting. At a minimum, any accounting provided shall disclose the total amount in purchase payments made, the total amount of the purchase price remaining to be

Free access — add to your briefcase to read the full text and ask questions with AI

(1) For any rent-to-own contract, the seller of
the mobile home shall maintain separate financial records for each rent-to-own
contract.

(2) The seller of the mobile home shall provide the purchaser with either an
annual accounting related to the rent-to-own contract or a disclosure that the
buyer is entitled to request and receive an annual accounting of their rent-to-own
contract. The accounting or the disclosure is due to the purchaser each year within
ten days of the anniversary date of the rent-to-own contract. If requested, the
annual accounting shall be provided within ten days upon the receipt of a request
for accounting. At a minimum, any accounting provided shall disclose the total
amount in purchase payments made, the total amount of the purchase price
remaining to be paid, and any expenses paid by the seller during the accounting
period to repair or maintain the mobile home. The accounting or the disclosure shall
be provided to the purchaser in English or English and Spanish, as requested by the
purchaser.

Colorado § 38-12-1405 (Recordkeeping) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.