Colorado Revised Statutes Title 38. Property Real and Personal § 38-12-903. Rental application fee--limitations

(a) The actual expense the landlord incurs in processing the rental application; or

(b) The average expense the landlord incurs per prospective tenant in the course of processing multiple rental applications.

(a) That is in a different amount than a rental application fee charged to another prospective tenant who applies to rent:

(b) If the prospective tenant provides to the landlord a portable tenant screening report pursuant to section 38-12-904(1.5).

(3)(a) A landlord shall provide to any prospective tenant who has paid a rental application fee either a disclosure of the landlord's anticipated expenses for which the fee will be used or an itemization of the landlord's actual expenses incurred. If a landlord charges an amount based on the average cost of processing the rental application, the landlord shall include information regarding how that average rental application fee is determined.

(b) A landlord shall provide every prospective tenant with a receipt for any application fee received. The landlord may provide a prospective tenant an electronic receipt unless the prospective tenant requests a paper receipt, in which case the landlord shall provide the prospective tenant a paper receipt.