Are you looking for a residential property on lease in Arizona? You might be willing to know what Arizona rental lease agreement entails. If yes, read on this blog post.
Whether you are a rental property investor or a property owner looking for potential tenants, you must know about the Arizona rental lease agreement.
What Is an Arizona Lease Agreement?
In Arizona, property owners use the Arizona lease agreement to give potential tenants their vacant residential unit on rent.
The rental agreement Arizona outlines specific terms and conditions for both landlords and tenants regarding the residential unit in exchange for specific rent payments. This official contract might require a security deposit (additional fee) due on or before moving to a residential unit.
Arizona lease agreement is fundamentally a legally binding arrangement between landlord and tenants. It ensures that both parties act under Arizona landlord and tenant laws. In order for this agreement to be in effect for a year, it should be in written form.
This Arizona renter’s agreement is an excellent precautionary measure for renting a vacant unit in residential property. It requires both parties to act lawfully and in compliance with rules and regulations of the signed agreement.
Arizona Landlord and Tenant Laws
Being a landlord in Arizona and a potential tenant, both parties need to abide by the Arizona landlord and tenant laws. Arizona State enforces specific laws and distinct requirements for both tenants and landlords to execute rental agreement AZ.
Landlords in Arizona are entitled to ask the tenant for the security deposit. More simply, landlords can request potential applicants to deposit up to one or one-half month’s rent excluding prepaid rent.
However, if tenants want to pay above one and one-half month’s rent, they can. As per the Arizona state laws, the landlord should provide 2 days’ notice prior to entering the leased premises. Moreover, the landlord exercises no right of access to the tenant’s place excepting by court order.
Similarly, if the tenant notifies the property owner of a request for maintenance, the landlord is allowed to enter the dwelling unit to fulfill maintenance requests. However, only in case of an emergency, he/she can enter the tenant’s premises without consent.
The landlord is allowed to take action against the tenant in case Arizona tenant continue dwelling in the premise after the termination of the rental lease agreement. It is to repossess the residential unit and recover up to 2 month’s rent from the tenant.
Arizona Lease Disclosures & Addendums
Disclosures or addendums for Arizona lease agreements include the following:
Name and Address of Landlord
All residential rental units in Arizona, it is compulsory to provide proper name and current address of landlords. It is essential so that any future demands and legal notices sent by tenants could be properly delivered to the landlord.
All rental units in Arizona are required to disclose a move-in checklist along with a signed copy of the rental agreement. This checklist helps tenants identify damages in a rental property so that deduction could be made from security deposits when moving out.
Notice of Arizona Tenancy Law
Landlords should provide notice to tenants regarding available resources during the rental process. The landlord should inform potential tenants about Arizona tenancy laws which are available online at the website of Arizona Department of Housing.
Arrangements of Shared Utilities
If tenants and landlords share a large meter in multiple units of residential property, landlords can charge the tenant for utilities separately.
Bed Bug Disclosure
The landlord must disclose the active infestation in the lease units. They should offer educational materials as well as add a bed bug section in rental lease agreement AZ.
Rent Adjustment Disclosure
In case Arizona landlords intend to increase the rent during the lease term, they must inform tenants 30 days before this increase in rent is imposed.
Lead-Based Paint Disclosure
As per US federal law, Arizona landlords must disclose the anticipated risks of lead-based paints of any property that was built before 1978.
Optional Disclosures & Addendums
Below mentioned are the optional disclosures and addendums of the Arizona lease agreement. These disclosures help in reducing future conflicts between tenants and landlords.
Use of Medical Marijuana
Arizona tenancy laws entitle landlords to restrict the use of marijuana to non-smoking methods. They can control its usage for specific places so that it does not interfere with other renters.
Late Fees and Returned Checks
Arizona landlords should disclose in rental lease agreement AZ about late fees and returned checks that they might charge. However, late fees should not be more than 10% of the total rent.
Residential properties that were built before 1981 are at high risk for asbestos. Therefore, landlords must disclose information about the existence of asbestos on rental property.
Landlords should also disclose information about the mold status of rental property in the Arizona rental lease agreement. This will help protect both parties against future liabilities.
Based on the above details about Arizona rental agreement, now you know what things you need to consider when renting a residential property in Arizona.
You can find a great template for Arizona rental lease agreement on our website CocoSign. Besides, we also provide various types of agreement. You can choose any template for rental agreements that suits your needs.
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