If you are planning to rent an apartment or house in Arizona, it is essential to have a lease agreement in place. A lease agreement is a legal contract that outlines the terms and conditions of the rental agreement. This document protects the rights of both the landlord and the tenant.
In Arizona, the lease agreement must comply with state laws and regulations. Therefore, it is important to ensure that the lease agreement is comprehensive and up-to-date with all the latest changes in the law. Here are some important points to consider when creating an Arizona lease agreement in 2020.
Rental Payment
The lease agreement must clearly state the rental amount, the date of payment, and the late payment fee. In Arizona, the landlord can charge up to 5% of the rental amount for late payment.
Security Deposit
The lease agreement must specify the amount of the security deposit, the conditions under which it can be withheld, and the time frame for returning it after the tenant moves out. In Arizona, the security deposit cannot exceed one and a half times the monthly rent.
Maintenance and Repairs
The lease agreement must outline the responsibilities of both the landlord and the tenant regarding maintenance and repairs. In Arizona, the landlord is responsible for maintaining the property in a habitable condition. On the other hand, the tenant is responsible for keeping the property clean and undamaged.
Subleasing
The lease agreement must state whether the tenant is allowed to sublease the property or not. In Arizona, the tenant can sublease the property provided the lease agreement does not prohibit it.
Eviction
The lease agreement must clearly state the conditions under which the landlord can evict the tenant. In Arizona, the landlord can evict the tenant for nonpayment of rent, violating the lease agreement, or engaging in criminal activity.
Conclusion
Creating an Arizona lease agreement in 2020 requires careful consideration of all the legal requirements and regulations. A well-drafted lease agreement can protect the rights of both the landlord and the tenant and avoid any potential legal disputes. It is always a good idea to seek legal advice when creating a lease agreement to ensure compliance with all the state laws and regulations.