The lease form contains many detailed provisions not found in a standard oil and gas lease form. Due to its length, a summary would not adequately describe each of the terms. It is suggested that if you consider adopting the form for regular use, that you print the form and closely read and review it. The lease form is formatted in 8-1/2 x 14 (legal size).
Arizona Lessor's Form refers to a legal document used in the state of Arizona as a lease agreement between a lessor (property owner) and a lessee (tenant). This form outlines the terms and conditions under which the property will be rented or leased. It serves as a legally binding contract that protects the rights and responsibilities of both parties. The Arizona Lessor's Form typically contains various sections such as: 1. Identification: This section includes details about the lessor and lessee, including their names, addresses, and contact information. 2. Property Description: It provides a comprehensive description of the rental property, including its address, type (residential or commercial), size, and any additional features or amenities. 3. Lease Term: This section specifies the duration of the lease, whether it's for a fixed term or a month-to-month agreement. It also outlines the start and end dates of the tenancy. 4. Rent Payments: It outlines the amount of rent, the due date, and the acceptable methods of payment. Additionally, it may include details about late fees, security deposits, and penalties for bounced checks. 5. Maintenance and Repairs: This section explains the responsibilities of both parties regarding property maintenance and repairs. It may include guidelines on who should handle specific maintenance tasks and how repairs should be requested and documented. 6. Utilities and Services: It clarifies which utilities and services are included in the rent and which are the tenant's responsibility, such as electricity, water, trash collection, or internet connection. 7. Tenant Obligations: This section outlines the lessee's obligations, including keeping the property clean, not engaging in illegal activities, and complying with any homeowner association rules or local ordinances. 8. Entry and Inspection: It specifies the lessor's right to enter the property for inspections or repairs, along with guidelines regarding notice periods. 9. Termination Clause: It details the conditions under which either party can terminate the lease agreement, including notice periods and potential penalties. 10. Additional Provisions: This section allows for any additional terms or conditions specific to the agreement, such as pet policies, parking rules, or any other agreements made between the lessor and lessee. Common types of Arizona Lessor's Forms include Residential Lessor's Forms (for renting out a residential property), Commercial Lessor's Forms (for leasing commercial spaces), and Land Lessor's Forms (for leasing land or vacant lots). These forms may vary slightly in content and terms to accommodate specific types of properties. However, the general structure and purpose remain consistent across all types.
