This form is a contract for the lease of real estate. The property and improvements are leased for use as a retail package liquor store. The lessee agrees not to use or permit the use of the property for illegal purposes. An auction, fire or going out of business or bankruptcy sale, may not be conducted in the property without prior written consent of the lessor. the lessee shall not permit overnight lodging in the property, or the solicitation of business by hand bills in the parking areas.
Arizona Contract for the Lease of Real Estate
Category:
State:
Multi-State
Control #:
US-60946
Format:
Word;
Rich Text
Instant download
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FAQ
No, lease agreements do not need to be notarized in Arizona. If a landlord and tenant wish to notarize a lease, they can have it notarized. However, it is not required by law in order for the lease to be legally binding.
Verbal Contracts are Considered Legally Binding in Arizona.
Generally, Arizona courts have strictly construed options in lease agreements because such provisions allow the optionee freedom to exercise or not exercise the option, whereas the optionor is bound by the option.
As soon as you have signed your lease and turned over your security deposit, you are legally required to uphold the lease agreement. Breaking a lease before you move in is legally the same as breaking a lease after you have lived there for six months.
Generally speaking, a verbal tenancy agreement becomes legally binding when a landlord accepts rent from a tenant and grants them access to the property, though naturally, the terms of such an agreement can be more difficult to prove in court if a dispute arises.
According to Arizona law, landlords are permitted to charge the tenants for two months of rent as a penalty for breaking the lease. This is good news for you, because you should be able to find a new tenant to rent the property within those two months.
A property lease agreement is a legal contract between two parties, a lessor (landlord) and a lessee (tenant), whereby the lessee is granted access to a property for a certain amount of time.
In Arizona, a month-to-month rental agreement is binding. A month-to-month rental agreement can be oral or written; both are enforceable. In either case, both the landlord and tenant must give thirty days advance written notice to terminate tenancy.
A new landlord must honor a lease as if he signed it himself. Although landlord-tenant laws vary across the U.S., in all states a lease survives a sale unless otherwise stated in the lease itself. Tenants' rights do not change in any way with the sale of the property they rent.
