Long Term Lease With In Maricopa

State:
Multi-State
County:
Maricopa
Control #:
US-00448
Format:
Word; 
Rich Text
Instant download

Description

The Short Form Lease is a concise document designed for landlords and tenants in Maricopa. This lease establishes a contractual agreement between the Lessor and Lessee and outlines key terms such as the property details, lease duration, and references the Long Form Lease Agreement which contains the specific terms and conditions. It is essential for parties involved in leasing real estate as it simplifies the process of establishing occupancy rights while ensuring compliance with local recording requirements. The form allows users to fill in essential information, including names, dates, and notarization details, ensuring legal validity. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions who require a straightforward and effective method for documenting lease agreements. By using this form, legal professionals can better serve their clients by facilitating quick and accurate lease processing, while minimizing potential disputes related to lease terms.
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  • Preview Commercial Lease - Short Form for Recording Notice of Lease
  • Preview Commercial Lease - Short Form for Recording Notice of Lease

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FAQ

If you own a property/building that you are renting out, you will need to obtain the state transaction privilege tax (TPT) license from AZDOR.

Simply search for your parcel by placing the parcel number or address in the search bar, select enter and select the REGISTER RENTAL tab. This will take you to the LOG IN page where you will select NOT A MEMBER. You can then create a login and password and begin the rental registration process.

Effective January 1, 2025, Arizona property owners will no longer be required to collect and remit city Transaction Privilege Tax (TPT) on residential rental income for long-term stays of 30 consecutive days or more.

Maricopa Transaction Privilege Tax & Use Tax Rates City/Town Name: Maricopa City Code: MPBusiness CodeTax Rate Hotel/Motel (Additional Tax) 144 5.50% Commercial Rental, Leasing & Licensing for Use 213 2.00% Rental, Leasing & Licensing for Use of TPP 214 2.00% Restaurants and Bars 011 2.00%19 more rows

In the state of AZ, by law, you need to have a TPT license if you are operating a short-term rental (home share, whole house, any type), and you need to file even though the platforms may be paying the tax to the state/county/city. Your filing helps allocate platform funds to your specific TPT license number.

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).

A new class 4.1 has been added for real and Assessment Procedures Determination of Primary Residence Arizona Department of Revenue 1 | Page Page 3 personal property and improvements “that are used for residential purposes, including residential property owned in foreclosure by a financial institution, that is not ...

A new class 4.1 has been added for real and Assessment Procedures Determination of Primary Residence Arizona Department of Revenue 1 | Page Page 3 personal property and improvements “that are used for residential purposes, including residential property owned in foreclosure by a financial institution, that is not ...

Simply search for your parcel by placing the parcel number or address in the search bar, select enter and select the REGISTER RENTAL tab. This will take you to the LOG IN page where you will select NOT A MEMBER. You can then create a login and password and begin the rental registration process.

Transaction Privilege Tax License – A transaction privilege tax (TPT) license (commonly referred to as a sales tax, resale, wholesale, vendor or tax license) is required for businesses selling a product or engaging in a service subject to transaction privilege tax in the state.

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Long Term Lease With In Maricopa