8 Colo. Code Regs. § 1505-2-11

Current through Register Vol. 47, No. 22, November 25, 2024

Rule 8 CCR 1505-2-11 - Rental Agreements

11.1 General

11.1.1 License required. A licensee may only rent premises from landlords licensed by the Secretary of State.

11.1.2 Lease fees

(a) The rental fee may only cover the expenses reasonably necessary for the use of the premises for the occasion, plus any expenses related to landlord sponsored promotions.

(b) Rental agreements must not specify any fee that the licensee must charge for a player's right to participate in any games of chance conducted during a bingo occasion.

(c) A licensee must not conduct any activity under the Bingo and Raffles law if the lease, rent, contract or any other arrangement under which the rights to use the premises for the conduct of the activity is based on a percentage of receipts or profits derived from such licensed activities.

11.2 Termination

11.2.1 Termination by bingo-raffle licensee. A licensee may terminate a rental agreement upon at least two weeks' notice to the landlord licensee or upon the voluntary cessation of bingo-raffle operations by the licensee or suspension or revocation of the licensee's license by the Secretary of State.

11.2.2 Termination by landlord licensee. A landlord licensee may terminate a rental agreement between the landlord licensee and any bingo-raffle license by giving at least two weeks' notice to the licensee or upon failure of the licensee to make payment for at least three bingo occasions.

8 CCR 1505-2-11

Colorado Register, Vol 37, No. 14. July 25, 2014, effective 8/14/2014

40 CR 17, September 10, 2017, effective 9/30/2017

44 CR 19, October 10, 2021, effective 11/1/2021

46 CR 05, March 10, 2023, effective 3/31/2023

47 CR 18, September 25, 2024, effective 10/15/2024