Landlords get the final say when it comes to pot on rental property

medical marijuanaGRAND JUNCTION, Colo. Pot divides the real estate industry — Colorado may have legalized recreational marijuana, but not all landlords are on board with pot on their property.

According to Dan Slover, a broker at Cedar Creek Property Management, it comes down to landowner preference whether or not they will allow the possession, consumption, and production of marijuana in their rentals.

Slover says it’s a gray area for many property management companies because although Colorado has given it the green light, recreational pot is still federally illegal.

Cedar Creek has recently taken a no-pot stance for 160 or so properties they manage as an extension to their tobacco-free policy.

“The owners were worried about the federal laws versus the state laws and what kind of a liability that would put them into and we did not want to expose them to that,” says Dan Slover.

Cedar Creek has had a marijuana clause written into each of their lease agreements warning them of their policies that if broken lead to immediate eviction.

To add to their list of reasons for banning pot from their properties, the management company says that marijuana causes mold and spore problems that are difficult and expensive to remove.

Source:  KJCT8.com