Section 38-12-106 - Security deposits - limitation on pet security deposit and rent - definition(1) A landlord shall not demand or receive an additional security deposit of more than three hundred dollars from a prospective or current tenant as a condition of permitting the tenant's pet animal to reside at the residential premises with the tenant, and the security deposit must be refundable to the tenant.(2) A landlord shall not demand or receive additional rent from a tenant as a condition of permitting the tenant's pet animal to reside at the residential premises with the tenant in an amount that exceeds thirty-five dollars per month or one and one-half percent per month of the tenant's monthly rent, whichever amount is greater.(3) As used in this section, "pet animal" has the same meaning as set forth in section 35-80-102 (10).L. 2023: Entire section added, (HB 23-1068), ch. 2464, p. 2464, § 4, effective 1/1/2024. For the legislative declaration in HB 23-1068, see section 1 of chapter 416, Session Laws of Colorado 2023.