We have been receiving more questions about the rental licensing, here is what we know so far. A quick recap regarding rental licensing, this passed through city council, for the city and county of Denver on May 3, 2021. All multifamily properties, meaning multiple residential units at the same property owned by the same owner, located in the city and county of Denver have to get an inspection by the end of the year and have a license active going into 2023. In 2024, this applies to all rental owners in Denver.
The portal to register is now open! The website walks you through how to properly register and start the process. There is a reduced fee of $25 to apply until Jan. 1, 2023, after that the price will go back up to $50. The biggest piece to be aware of is that an inspection is required. They have provided a copy of the inspection so you can see what they’ll be checking for. We have looked over the inspection and nothing popped out that’s really glaring or that should cause a lot of issues.
There are some restrictions mentioned about who can inspect the units. It has to be a certified inspector who meets the qualifications established by the ordinance DRMC 27-192. There are a couple of different things they need to qualify, the first is a certification by the American Society of Home Inspectors, the International Association of Certified Home Inspectors or the Master Inspector Certification Board. THe second is a certification as an R5, C5, or C8 Combination Building Inspector by the International Code Council. The applicant must provide copies of the inspectors certifications upon submission of their application. We are exploring what it would look like to get someone at Keyrenter Denver certified so we can help our clients get the inspection. Either way, we will be helping our clients navigate this new legislation so they can be compliant with the city ordinance.
The city of Denver also mentioned they will be putting out a list of qualified inspectors. There is no requirement to use an inspector who is on the list, however it was created to help property owners find qualified inspectors easier. At the time of publishing, there were 5 inspectors listed here. Ultimately, the property owner/manager is responsible for ensuring the inspector they hire is qualified (example, their certification is not expired). Over the next couple months we will be updating as we get everything figured out now that the portal is open to apply.