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An Arizona rent-to-own lease agreement is a rental contract that includes an option to purchase the property under pre-negotiated terms. During the lease, the tenant will have all rights under State law. If the tenant exercises their option to buy, the lease should be converted to a purchase agreement.
toown home is a special agreement that allows you to buy a home after renting for a period of time. With a renttoown contract, you pay a bit more in rent than its fair market value. The extra money becomes your down payment at the end of the lease.
Except for those recreational vehicles that are park trailers as prescribed in section 33-2102, a landlord may refuse to renew a rental agreement without good cause by serving written notice to the tenant at least ninety days before the end of the rental agreement.
In a rent-to-own agreement, you lease a home for a set amount of time before buying it. The process can be a way for people with limited savings to buy homes because the agreement builds in opportunities to save for a down payment.
Here is an example of a rent amount clause in a lease: "The Tenant agrees to pay $12,000 as rent, to be paid as follows: $1,000 per month, due on the 1st day of each month. Payment of the first month's rent and any security deposit is due upon the signing of this Lease by the Tenant.
Both federal and Arizona law prohibits landlords from refusing to rent to an individual because of his or her race, color, religion, gender, familial status, disability, or national origin.? If you have been denied a rental and you believe it may be for one or more of these reasons, you may have legal recourse.