As a resident of Arizona, you may be in the market for a new rental property. Before you start packing your bags, it`s important to read and understand your Arizona residential lease agreement for 2021. A lease agreement is a legally binding document that outlines the terms and conditions of your rental agreement. Let`s take a closer look at what you need to know about your Arizona residential lease agreement for 2021.
The first thing you`ll want to do is read through the agreement carefully. The lease agreement should include important details such as the names of all tenants, the rental property address, the monthly rent amount, the lease term, and the security deposit amount. It should also outline the responsibilities of both the landlord and the tenant.
Some key provisions that you`ll want to pay close attention to include:
1. Rent Payment: The lease agreement should outline when rent is due, how it should be paid, and any late fees that may be assessed if rent is not paid on time.
2. Security Deposit: Arizona law allows landlords to collect a security deposit from the tenant. The agreement should outline the amount of the deposit, how it will be held, and the conditions under which it will be returned to the tenant.
3. Maintenance and Repair: The lease agreement should outline the landlord`s responsibilities for maintenance and repairs, and the tenant`s responsibilities for keeping the property clean and in good condition.
4. Pets: If you have a pet, make sure to check with your landlord to see if pets are allowed. The lease agreement should outline any restrictions or additional fees that may apply.
5. Termination: The lease agreement should outline the conditions under which the landlord or tenant may terminate the lease, such as non-payment of rent or a breach of the lease agreement.
In addition to these key provisions, your Arizona residential lease agreement for 2021 may also include other clauses and provisions. Be sure to read through the entire agreement carefully and ask your landlord or property manager if you have any questions or concerns.
Remember, your residential lease agreement is a legally binding contract, so it`s important to understand your rights and responsibilities as a tenant. By taking the time to read and understand your lease agreement, you can help ensure a positive rental experience for everyone involved.