Az Occupancy For 2 Bedroom Apartment

State:
Arizona
Control #:
AZ-CLOSE88
Format:
Word; 
Rich Text
Instant download

Description

The Affidavit of Occupancy and Financial Status is a crucial document for verifying occupancy in relation to a two-bedroom apartment in Arizona. It requires purchasers to confirm their intention to occupy the property either immediately or within a specified timeframe post-closing. This form also mandates that purchasers certify there have been no significant changes in their financial status since their loan application, ensuring transparency for lenders. The affidavit serves to inform parties involved about the legal consequences of failing to meet occupancy requirements, including potential prosecution for fraudulent representations. This tool is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who deal with real estate transactions, as it helps them ensure compliance with federal regulations and protects against possible legal repercussions. The form can be easily filled out and edited to fit specific situations, making it accessible for users with varying levels of legal knowledge. By using clear language and direct instructions, the affidavit guides users in certifying their intent to occupy the property, thus facilitating a smoother transaction process.

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Affidavit

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FAQ

While the specific occupancy limits vary by state and property, many properties employ HUD's suggested standard: two people per bedroom. Though this standard is not law, HUD promotes this limit as a reasonable occupancy rule for most properties.

Under Arizona Residential Landlord and Tenant Act ARS 33-1317, landlords do not have permission to discriminate against tenants with children. In subsection F, the law states that ?An occupancy limitation of two persons per bedroom residing in a dwelling unit shall be presumed reasonable for this state.?

Note 1: The City of Phoenix maximum occupancy standards allow two persons per sleeping room. Occupancy exceptions will be considered if a family has special circumstances that are justified in writing. Exceptions will not exceed HUD's Housing Quality Standards (HQS) which allow two persons per living/sleeping room.

(d) Occupancy load; sleeping room. Every rental housing unit shall contain at least one bedroom or living/sleeping room of appropriate size for each two (2) persons.

Arizona law states that a two person per bedroom occupancy limit is presumed to be reasonable. Depending upon the circumstances, however, such a limit may be challenged, and anything less than two persons per bedroom may violate fair housing laws by having an adverse impact against families with children.

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Az Occupancy For 2 Bedroom Apartment