Make work scheme for attorneys and government.
The government discourages people from putting property up for rent, and drives existing landlords to despair and bankruptcy, creating a crisis of insufficient housing.
To solve this government-manufactured crisis, the government will step in and become everyone’s landlord. It won’t hesitate to throw tenants out of favor onto the street, and they will have no recourse. It’s the Soviet Way.
“Everybody here wants to prevent unnecessary evictions and save families money... while placing no financial burdens on landlords”
It will, of course, do exactly the opposite. The supply of rental properties will shrink and prices will rise. Many landlords will be forced out of the market.
Plant a MAGA flag on the property and immediately evict them.
EC
Sounds so fair. I assure you this is nothing more than an assault on property rights. Don’t buy investment properties in Colorado.
Let’s see how fast those Section 8 properties go on the market as landlords get out of the business.
if i was a landlord in colorado, i’d get out of the biz right now ...
“Landlords can lawfully evict a tenant in the middle of the lease for nonpayment of rent, destruction of property, a substantial lease violation or interference with the quiet enjoyment of other tenants. The substantial part of the law is around non-renewals at the end of the lease term. A non-renewal is only allowed if the property is being sold, demolished, substantially renovated, turned into a short-term rental or the landlord’s family plans to move in.”
A possible way around this is to significantly increase the renewal rent so the tenants move out.
....As someone who has developed, built, owned, managed, rehabbed, financed and endured ownership of thousands of apartments, condos, duplex’s, etc; I can say with CERTAINTY that Colorado’s housing situation will get worse because of this legislation.
As an apartment builder or developer, I will not spend thousands of dollars on preliminary market studies of a prospective development if I KNOW that buyers of those apartments, when finished, have vaporized. As a developer, I don’t want to own the damn things for very long. As the saying goes....”if it has a bed in it, forget it!”
So, with fewer, if any, NEW apartments coming on line, and tenants can’t be kicked out for misbehavior, Coloradans will be sleeping in mom’s basement or in a tent on the street.
I’m considering a low income project now. If the legislature passed a law like Colorado’s, or even started discussing it, I would drop the project like a hot potato.
>> It is a victory for tenants-rights organizers
What the hell are “tenants’ rights”?
“Tenants” have the “right” to work hard, maintain good credit, save for a down payment, and buy their own place.
Otherwise they get to be “renters”.
Am I missing something?
But beware the law of unintended consequences...
You will own nothing — and you’ll be happy!
But you’ll be happy homeless — due to “tenants’ rights” no one in their right mind will rent to your entitled self.
Saw a story yesterday claiming that legislation like this and the pro-squatters rights agenda in the North East is going to be another nail in the coffin of home building/affordable housing, etc.
Guess we’ll see.
Anyone with half a brain can find multiple legal reasons to evict a tenant...any tenant.
Until they don't answer the question 'correctly'.
Then, BOOM! The resulting discrimination lawsuit will cost them everything.
This is just the communists trying to abolish private property.
It’s also very fascist...government controlling what private property owners do with their private property.