If you are a rental property owner or real estate agent working with clients that plan to use a Denver residential property for a rental investment, it’s critically important to understand how requirements of this licensing program may impact that investment so you can best advise your clients. (i.e. egress requirements set forth in this program may impact the investment viability of a property.)
Details outlining the much anticipated Denver Rental Property License Program are now available.
On January 18th, 2022 The City of Denver released the inspection checklist and guide book that outlines the specific details and requirements of the new Residential Rental Program that will impact all rental property owners and managers in the city of Denver.
What is the RRP? Why is it Important?
The Residential Rental Program (RRP) is designed to proactively enforce minimum housing standards to ensure all renters in Denver have safe and sanitary housing. The program requires owners (or property managers) of Residential Rental Properties (see Definitions at the end of this guidebook for a definition of Residential Rental Property) to obtain a license from the City in order to offer, provide, or operate a Residential Rental Property.*
It is important to note that applications for the license will require a passing inspection of the rental property in order to be processed. Alpine Building Performance has been closely following the development of this program. In order to stay educated and well informed to best serve our clients, Alpine Building Performance held a seat on the Residential Rental License Advisory Group in 2021.
Our goal is to advise real estate professionals and rental property owners in Denver on how to best navigate this new program. We plan to offer these inspection services and are awaiting final clarification from the city on program guidelines before we formally offer this service. In the meantime, we are collecting contact information for interested parties. If you are interested in joining our email list, please complete the form below.
Important Dates to Know:
The residential rental property license will be phased in:
2022: licensing is entirely voluntary. Any rental property owner/manager can opt into early licensing and receive half off the application fee (from $50 to $25) beginning in March. Those opting into this phase are still required to obtain a passing inspection from a certified, private home inspector and pay the required fees to receive their license, which is good for four years unless ownership changes.**
2023: Starting Jan. 1, 2023, a license will be required for anyone who offers, provides, or operates a residential rental property consisting of two or more rental dwelling units on a single parcel. For example, this would apply to an apartment building or a duplex where both units are owned and rented by the same person.**
2024: Starting Jan 1, 2024, a license will be required for anyone who offers, provides, or operates any residential rental property consisting of one or more rental dwelling units on a single parcel. For example, this would apply to a single-family home for rent or a triplex, rowhouse, or townhouse where only one unit is being rented or offered for rent.**
Stay tuned for more information and to contact with us regarding inspection inquires.
Resources:
* Denver Inspection Checklist Guidebook
**Denver Inspection Checklist