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Phil Weiser

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Four Star Realty restitution

Eligible Colorado consumers to receive checks following the settlement between Attorney General Phil Weiser and Four Star Realty

**Consumers who are eligible to receive checks must first file a claim**

On January 9, 2024, Attorney General Phil Weiser announced a settlement with Boulder-based property management company Four Star Realty. The settlement requires the Colorado Attorney General’s Office to return $980,000 of the $1 million settlement to tenants who suffered damages when they moved out of a property managed by Four Star Realty. 

The settlement came after the attorney general’s investigation revealed evidence showing that Four Star Realty may have engaged in unfair and deceptive business practices by overcharging tenants for routine maintenance or to repair things that should have been classified as normal wear and tear. The attorney general alleged that this conduct violated the Colorado Consumer Protection Act and Colorado law governing a landlord’s obligation to return security deposits.  

To be eligible for the settlement, a tenant must have moved out of a Four Star property any time between January 1, 2020 and December 31, 2023 and incurred charges from Four Star to pay for maintenance, painting, cleaning, rekeying locks, or in unlawful moveout coordination fees when they moved out of their apartment.  

To be eligible for a settlement payment, consumers must submit a claim by December 19, 2025.  

For questions related to this settlement, please refer to the common questions page or contact FourStarRealty@coag.gov. Do not contact Four Star Realty with questions about the settlement fund distribution.  

Consumers do not need to pay any money or provide any financial information to receive a payment from this settlement.  

Four Star Realty Settlement Common Questions

Who is eligible for a settlement payment?

Tenants who moved out of a Four Star property any time between January 1, 2020 and December 31, 2023 and had money wrongfully withheld from their security deposit to pay for maintenance, painting, cleaning, rekeying locks, or in unlawful moveout coordination fees are eligible.  

What do I need to provide to be eligible?

We ask that you provide as much information as possible including reconciliation statements, moveout sheets, receipts, or other information that you may have received from Four Star at the end of your lease. 

What if I no longer have documentation of what Four Star charged me when I moved out?

While we ask that you provide as much information or documentation as you have available to help make reviewing and processing your claim easier, your claim can still be assessed without the documentation mentioned above.  

How will you verify that tenants who make claims are eligible for a payment?

Four Star Realty has provided the attorney general’s office with records of all tenants who lived at a property that they managed from January 1, 2020 to December 31, 2023. When reviewing claims, the office will verify information on the claim with the information received from Four Star Realty.  

Why is the settlement only available for tenants who lived at a Four Star property from January 1, 2020 to December 31, 2023?

The statute of limitations for a claim under the Colorado Consumer Protection Act is three years from the date of a misleading or deceptive act. Colo. Rev. Stat. § 6-1-115. The settlement distribution attempts to capture all claims that took place in the statute of limitation period prior to the Attorney General’s settlement. 

Why is the settlement only available for tenants who were overcharged for maintenance, painting, cleaning, rekeying locks, or in unlawful moveout coordination fees?

The attorney general’s investigation uncovered evidence of a pattern of conduct related to Four Star overcharging for these five categories. While every tenant had a unique experience when they moved out of a Four Star property, the investigation showed that these categories are the most likely areas where Four Star’s allegedly unlawful conduct caused the most harm to tenants.  

What if my name has changed since I lived at a Four Star property?

When filling out the claim form, please provide the name you had on your lease with Four Star and your current name.  

What if I had a roommate when I lived at Four Star?

Every eligible tenant may file a claim. If you think you are eligible and had a roommate, you should file a claim. The amount of your settlement award may be calculated based on the number of roommates you had when you lived at a Four Star property. Only file claims for yourself. Do not file any claims on behalf of your roommates. 

Can I file a claim on behalf of someone else?

No. The claim form requires you to confirm that you are not submitting anyone else’s claim. To avoid problems with processing claims, please ensure that only the tenant is submitting the claim.  

This includes parents of tenants, roommates, or any other individual who might submit a claim on behalf of someone else. A claim will only be approved if it is made by the individual who leased a property form Four Star Realty.  

How much will settlement payments be?

The final amount of settlement payments to tenants will be determined by the number and type of claims that the Attorney General receives from eligible tenants. The Attorney General will pay the entire $980,000 settlement fund on tenant claims, so individuals are encouraged to submit claims to receive their share of the settlement.   

When will I be notified whether I am eligible for a settlement payment?

The attorney general’s office will be reviewing claims in the order in which they are received. We hope to notify all claimants of their eligibility by December 31, 2025. 

What other relief is included in the Attorney General’s settlement?

In addition to paying $980,000 in restitution, Four Star agreed to disclose all fees, rent, and other costs to tenants clearly on lease documents. The company also agreed to change its utility billing practices to comply with state law related to utility billing. 

Four Star is required to maintain photos and records of property inspections, documentation of withholding of security deposits, and provide those records to tenants upon request. Additionally, Four Star may not withhold any money from a tenant’s security deposit unless the amount withheld is directly related to the tenant’s conduct. 

Four Star is also required to minimize repainting costs related to filling nail holes and other minor damage to paint, as well as determine if any carpet cleaning is actually necessary before charging tenants. The company will be prohibited from withholding rekeying costs from security deposits and may charge for rekeying only if Tenants choose to have Four Star rekey locks. The costs for rekeying must also be disclosed in advance. 

Who is Rust Consulting?

The Colorado Department of Law retained Rust Consulting to manage the distribution of the Four Star settlement payments. Eligible tenants will receive their checks from Rust Consulting.  

 

 

Colorado attorney general logo against mountain peaks background and text that reads News from Attorney General Phil Weiser

Four Star Realty to pay $1 million, end illegal tenant billing under agreement with Attorney General Phil Weiser

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Office of the Attorney General
Colorado Department of Law
Ralph L. Carr Judicial Building
1300 Broadway, 10th Floor
Denver, CO 80203

(720) 508-6000

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