Occasionally it becomes necessary for one resident to move out while another resident wishes to remain in the rental property. No matter the reason, all residents must fill out and sign a Separation of Co-Residents Agreement. PURE Property Management will not partially refund the security deposit; residents must settle any disagreements regarding funds without our involvement. A processing fee of $200 must be paid to PURE Property Management of Colorado before the separation process can begin; this fee may increase if the process requires additional paperwork or time in order to fit your particular needs.
By signing the Separation of Co-Residents Agreement vacating residents agree to be released from the existing lease and agree to give up right, title and interest to the security deposit. Remaining residents agree to be re-qualified and to sign a replacement lease agreement that may include increased rent or increased security deposit. The existing lease remains in full force and effect until a replacement lease agreement has been signed by all parties.
Email us with any questions at denver@purepm.co.
