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Every residential rental property owner with taxable rental property is required to obtain an Arizona transaction privilege tax license from the Arizona Department of Revenue for each location where residential rental income is taxable.
Process of Renting Out a House in Phoenix: First, you need to prepare your house for renters. Clean the house thoroughly and make sure all the included appliances are in good condition. Learn landlord-tenant laws in Arizona. ... Consider market research to determine fair rent prices. ... Draft a rental agreement.
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).
Since the tenant's agreement is tied to the property, they have the right to stay there after the property is sold. If no arrangements are made for the lease to terminate legally, the new landlord must honor the lease until it expires.
Registering your property as a rental is a separate process from recording an Affidavit. Please complete the Residential Real Property Registration form on our website or search for your parcel and click "Register Rental."