Retainer Fee Dispute Resolution

Summary

Leasing companies in Colorado can hold security deposits to cover unpaid dues and charge late fees if specified in the lease agreement. They are generally allowed to deduct unpaid dues from the security deposit, but this depends on the terms of the lease. Consulting a local attorney is recommended for personalized advice.

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A company that I rented an office fund is holding my retainer of $* because I owe them $*. They won’t take the money out of the retainer and they are charging me fees every month that it isn’t paid.
Hello ****, to provide more specific advice, could you please tell me where you are located? Laws regarding rental agreements and retainers can vary by location.
Is that legal
It would be helpful to know your location to provide more specific information. Generally, the landlord's ability to retain your deposit or charge late fees depends on the terms of your lease.
Denver, Colorado
Hello ****, in Colorado:
- Landlords can use your security deposit to cover unpaid rent.
- They can also charge late fees, if it's specified in your lease.
Please consult with a local attorney for advice tailored to your situation.
Not landlord, but leasing company
Hello ****, in Colorado:
- A leasing company can act similarly to a landlord.
- They can use your security deposit to cover unpaid rent and charge late fees if specified in the lease.
Please, consult with a local attorney for personalized advice.
Can they hold the retainer until I pay the money, then give me the retainer back?
Hello ****, in Colorado:
- A leasing company can hold a security deposit until all dues are paid off.
- If your agreement allows, they can return the remaining balance after deducting dues.
- Consulting a local attorney is recommended.
Are they not required to deduct the dues from the money they are holding
Hello ****, in Colorado:
- Leasing companies are generally allowed to deduct unpaid dues from the security deposit.
- However, this depends on the terms in your lease agreement.
- If in doubt, it's best to consult with a local attorney.