Arizona Standard Residential Lease Agreement
The Arizona Standard Residential Lease Agreement includes the rules for renting a house or apartment. One of them is that the tenant must make regular payments, or “pay rent,” in exchange for the right to live there until the lease ends. Another important rule is one limiting the amount of money a landlord can request as a security deposit. In Arizona, § 33-1321 caps the amount at one and a half (1.5) months rent. This type of contract may also include provisions or stipulations pertaining to the length of the lease, tenant names, and what will result in eviction. The landlord and tenant(s) should only sign it after each condition has been read through and agreed upon. Having a lawyer review it also ensures the legality of the document in the case it is challenged in court.
Tenant Screening: Arizona Rental Application
Maximum Security Deposit: (§ 33-1321) It is important that landlords understand that a tenant does not have to provide a security deposit in any amount that exceeds one and a half (1.5) months’ rent. However, a tenant can do so voluntarily.
Returning Security Deposits: When the tenant vacates the premises, the landlord can use any funds designated as a security deposit or prepaid rent to offset costs incurred due to the tenant’s lack of compliance with certain provisions in the lease agreement. When the tenancy ends, the landlord has fourteen (14) days (not including weekends or legal holidays) to send the tenant a list of damages and deductions from the security deposit. The tenant has sixty (60) days from receipt to dispute the amount to be refunded from the security deposit/prepaid rent. The tenant forfeits their right to dispute the amount after that time.