If you have recently taken advantage of the lower interest rates and increased property value in the current housing market and purchased a home, then keep reading. If you are now planning to stick a “FOR RENT” sign in the fertile rental land of Boulder, then the information presented in this post is all the more indispensable for you.
You must be a clever chap or lady to foresee the high-renter concentration in the Boulder area, especially in the hotspot areas surrounding CU. What many new owners in this position do not know, however, is the importance of the license.
And no, we don’t mean the driver’s license.
In the City of Boulder, property owners are required to hold a “Housing Rental License” in order to have the legal permission to rent out a property. This “Housing Rental License,” or “Housing Inspection License” as it is known by some, is required by the city’s Property Maintenance Code in order to uphold the safety and health standards for Boulder’s rental properties. This license must be current at the time of renting the property; otherwise you are subject to the same legal actions as those who attempt to rent an unlicensed property. Some exceptions to the rental license requirement can occur; a thorough explanation of these can be found on the City of Boulder website
In addition, an owner that lives in Boulder County is not required to have a property agent. It is only outside of the county that a property agent must serve as property’s contact person.
The Rental Licensing office is located in the Planning and Development Services Center in Boulder and has sporadic hours, so be sure to double check on their FAQ page before heading over.
The license fee is a flat $70 regardless of the number of units within the rental property. The license requires that a Baseline Inspection is completed in order to ensure the property is safe for tenants. This inspection, done by private inspection companies, covers four major areas: general life safety, plumbing and fixtures, mechanical and electrical, and finally, fire safety. If items need to be repaired, a re-inspection will be necessary before you can pass the Baseline Inspection. Upon its successful completion, the owner is presented with the signed inspection compliance verification form, which is an integral component of the rental license application.
Generally, this license must be renewed every four years with a renewal application, renewal inspection compliance verification form, a legal residency affidavit, and fee. However, if a new owner takes over the property at any point, the old license is considered null and void and a new inspection and license must be obtained.
While learning about this topic may not be on the top of everyone New Year’s resolution list, it certainly is an important one. If you are an owner of a property in Boulder and want to rent it out, then consider this post and this Rental License handbook as a letter with your name of it.
After you’re licensed, be sure to give us a call here at Housing Helpers so we can find the right tenants to appreciate your wonderful rental property! And remember, unless one of our rental specialists connects you with your future tenant, our listing service comes at no cost to you. We are confident we can find tenants who will adore your new property as much as you do.
Housing Helpers is Colorado’s most popular rental listing service. We provide Colorado Rental Property Leasing Services in Colorado for rental property owners, property managers, and property management companies in Boulder, Denver, throughout Colorado and Nevada. Each City and town in Boulder County and throughout Colorado has different rules and regulations for rental property. If you are considering renting your home or condo in Colorado start here to explore the rental property leasing services and property management services in your area.
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