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Anything more than two days can be interpreted as a hazard to the tenant's health and therefore a serious breach in the tenancy agreement. Lack of hot water is an emergency regardless of the season.
If you have a situation that counts as an emergency then repairs should really be carried out on the same day or as soon as practicable. An emergency would include a completely lack of water or total loss of heating during cold weather.
Can you claim compensation for no hot water? If you have suffered financial loss, inconvenience or upset as a result of no hot water, you may be able to claim compensation. This is something that should be discussed with a legal expert so that you can determine if you are entitled to compensation.
It's highly unreasonable for your landlord to leave you without running water for more than 48 hours and that accounts for severe problems outside the boundaries in the property. Also, the landlord should not cut your water supply for any other reason than needed repairs in the plumbing or water fittings.
Hot water is considered an essential service that the landlord must make a good faith effort to repair right away (A.R.S. 13-3161).
As a landlord, you are obliged to provide a bathroom for your tenants. Depending on how may bedrooms the property has, or whether you are running a House of Multiple Occupation (HMO), you may even be expected to provide several bathrooms.