This form is a tenant oriented office lease clause that states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
Arizona Tenant Oriented Clause Providing for the Reduction of the Tenant Security Deposit
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Multi-State
Control #:
US-OL4A012C
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Word;
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How to fill out Tenant Oriented Clause Providing For The Reduction Of The Tenant Security Deposit?
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FAQ
The following are some of the legally justifiable reasons to deduct part or all of your tenant's deposit: Tenant's failure to pay utilities. A tenant must clear all utility bills in their name before moving out. ... Cleaning cost. ... Damage exceeding normal wear and tear. ... Unpaid rent. ... Early lease termination.
How much may a security deposit be? Under Arizona law, a landlord may ask for a security deposit up to an amount that is equal to 1 + ½ month's rent (A.R.S. §33-1321(A)). A landlord may not ask for more than this.
The following are some of the legally justifiable reasons to deduct part or all of your tenant's deposit: Tenant's failure to pay utilities. A tenant must clear all utility bills in their name before moving out. ... Cleaning cost. ... Damage exceeding normal wear and tear. ... Unpaid rent. ... Early lease termination.
33-1313 Notice A. A person has notice of a fact if he has actual knowledge of it, has received a notice or notification of it or from all the facts and circumstances known to him at the time in question he has reason to know that it exists.
B. The landlord or the tenant may terminate a month-to-month tenancy by a written notice given to the other at least thirty days prior to the periodic rental date specified in the notice.
Early Termination and Eviction ing to the Arizona Landlord and Tenant Act (§33-1318), a tenant can terminate the lease early in the following cases: Domestic violence. Unhabitable housing conditions. Access Refusal.
The landlord shall not abuse the right to access or use it to harass the tenant. Except in case of emergency or if it is impracticable to do so, the landlord shall give the tenant at least two days' notice of the landlord's intent to enter and enter only at reasonable times.
33-1321 - Security deposits. A. A landlord shall not demand or receive security, however denominated, including prepaid rent in an amount or value of more than one and one-half month's rent.
