Yes, in Colorado a contract to lease is generally binding once both the landlord and tenant agree to the essential terms (such as rent, property, and lease length) and sign the agreement. Leases longer than one year must be in writing to be enforceable. Once signed, both parties are legally required to follow the lease unless it includes a valid termination clause or another legal reason to end it early.
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The information for this answer was found on our Colorado Residential Lease Agreement answers.