Residential rental property must be registered with the County Assessor ing to Arizona law (A.R.S. § 33-1902). The intent of this law is to maintain an accurate record of rental properties so that towns, cities and the county can enforce laws about slums and blight in rental properties.
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.
Yes, property owners in Arizona can manage their own rental properties without a real estate license.
⃣ Non-Primary Residence (4.1): Used for residential purposes that does not qualify for primary residence and is not used solely as a residential rental.
Arizona offers competitive rental yields, particularly in urban areas. The state's growing population and affordable property prices make it an attractive option for investors.
Both. First, you ask the Landlord if they will agree to terminate the lease early in writing. If they refuse, then you may file a Petition with the court and ask the judge to terminate your lease.
Clearly state why you're writing the letter and why the property owner should continue reading. Include the property's address and let the landlord know that you're interested in leasing it under specific terms. Then go over your terms and include the non-binding clause.
Class 4 property means property owned or controlled by a state agency concerning which there is a provision in the deed that limits the exploration or drilling for oil or gas on the property.
⃣ Non-Primary Residence (4.1): Used for residential purposes that does not qualify for primary residence and is not used solely as a residential rental.
Legal Classes: 3.2 - Primary Residence of a qualified family member. 3.3 Primary Residence also leased or rented to lodgers. 4.1 - Non-Primary Residence. 4.2 - Residential Rental.