Rental Fees and Maybe Taxes Going Up in 2023
DenCO Property Management provides a vital service to its owners by keeping them abreast of upcoming rental property regulations. The Landlord Tax to Fund Eviction Defenses Initiative is on the ballot this November. The Denver City Council increased the fees for trash collection and requires that rental properties be licensed next year.
Denver Initiative 305: Landlord Tax to Fund Eviction Defenses
The No Eviction Without Representation Denver Ordinance proposes taxing landlords in Denver $75 per year per unit. The tax money will establish a legal defense program to provide any renter with legal representation during eviction proceedings. Backers hope the measure will prevent more people from becoming homeless in Denver. The Apartment Association of Metro Denver believes there is no “eviction crisis” in Denver. The Department of Housing Stability already provides support and funding for legal representation to Denver residents facing eviction if they earn 80% of our area’s median income or less. The Apartment Association argues that rental property fees are redundant and would result in the new tax being passed on to renters.
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Denver Trash, Recycling & Compost Fees
In June 2022, Denver’s City Council voted 8-5 to change the City’s solid waste collection program. Starting in 2023, weekly recycling and composting removals are free, but there will be monthly fees for trash collections heading to the landfill. Single-family homes and small apartment buildings will pay between $9 and $21 per month for trash pickup, depending on the size of their trash bins. The smaller the trash cart, the lower the fee. Typically, owners of multi-unit buildings will pay the fees, while tenants of single dwellings will pay the City directly.
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Licensing of Denver Rental Properties
Denver City Council passed a law requiring rental-housing inspections and licenses for landlords beginning next year. Property evaluations will be required every four years by certified inspectors. The program’s goal is to ensure the habitability of the rentals and tenant safety. Beginning next year, DenCO will arrange for the inspection, application, and licensing of properties it manages to meet all upcoming deadlines. Checks will be performed by third-party inspectors whose pricing is based on the number of units inspected. The homeowners will pay all inspection fees.
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Deadlines
- Multi-family – Beginning Jan. 1, 2023, all multi-unit rental properties in Denver will need to apply for a license.
- Single Family – Beginning Jan. 1, 2024, all single-unit rentals will be required to have applied for a license.
Costs
The application fee is $50, with a license valid for four years. Rental property fees are:
- Single dwelling unit – $50
- 2 to 10 units – $100
- 11 to 50 units – $250
Property owners, if you are looking for a professional property management company that can handle all rental renewal issues, please consider DenCO. DenCO manages over 150 rentals in the DU, Washington Park, and other neighborhoods in the Denver area and has been in business since 1990. Call us at (303) 722-9688.
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