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There are five counties in the state of Arizona that require you to collect and remit county taxes for commercial leases. Those counties are Coconino, Gila, Maricopa, Pima and Pinal.
§ 42-5069(B) designates the commercial lease taxpayer as any ?person who, as a lessor, leases or rents for a consideration under one or more leases or rental agreements the use or occupancy of real property that is used by the lessee for commercial purposes.? A.R.S.
Taxes, Utilities, Insurance, and Other Expenses There are three possible arrangements for commercial leases: gross lease, triple net, and modified-gross lease. In a gross lease, the landlord is responsible for all costs. Furthermore, in a triple-net lease, the tenant is responsible for all costs.
One of the last items out of the recent session of the Arizona State Legislature was a prohibition on local governments imposing a Transaction Privilege Tax (TPT), or sales tax, on long-term housing rentals. Governor Katie Hobbs signed the bill after changes were made to a law she had vetoed earlier in the session.
Once the landlord's consent has been obtained, the tenant and assignee can enter into a deed of assignment to transfer the lease to the assignee. If the lease is registered at the Land Registry the assignee will then need to register the assignment at the Land Registry.