Add Formulas and Calculations Legal Arizona Rental Forms For Free

Individual owners of taxable rental properties are required by law to obtain a TPT license with ADOR regardless if the owners rent the property themselves or employ a property management company (PMC). A license is only required for cities that impose a tax on residential rental activity.

If a prospective tenant doesn't have enough income to meet the rent, it's within your rights as a landlord to deny their application — provided the decision aligns with your rental policies and local regulations. A common benchmark is for a tenant's monthly income to be at least three times the monthly rent.

On January 1, 2025, landlords are prohibited from charging the rental tax. In other words, landlords should actually decrease the amount they are charging residents at that time. The law creates a basis for a tenant to sue over the tax amount if it's still being collected by the landlord.

A rental application must be signed and processed on all prospective occupants 18 years of age or older. All prospective Tenants will be qualified on the following five (5) criteria: 1) Income/employment 2) Credit 3) Rental history 4) Criminal history and 5) Pets.

Rental Criteria Gross monthly income must be three (3) times the amount of the monthly rent. Employment must be current and verifiable. Other verifiable income equaling three (3) times annual monthly rent will be accepted if applicant does not have monthly income but has funds available.

The majority landlords and leasing agencies prefer a possible tenant to have a minimum credit score of 650 to rent an apartment. However, this number can vary based on location.

Significant changes, such as the amounts of rent or late fees, would effectively create a new tenancy. In that circumstance, a minimum 30-day notice must be given to not renew the month-to-month tenancy under A.R.S.

If you have a weekly tenancy, the landlord or tenant can end the agreement with written notice at least 10 days prior to the move-out date. If the tenancy is month-to-month, the landlord or tenant notice must be given at least 30 days prior to the date listed in the written notice.

There is no law regulating what kind of advance notice, if any, is required to stay on or vacate when the lease ends. On occasion a lease will state that it automatically renews unless either party gives notice otherwise. More frequently, a 30-day or 60-day notice must be provided by one party to the other.