Make Notes On Legal Arizona Abandoned Property Forms For Free

This form should only be used to claim property of which you are the original owner. If you are claiming property as the heir or beneficiary of a deceased owner (Form 600B), the agent of an entity (Form 600C) or the agent of a living owner (Form 600D), you must complete the appropriate form.

1. The absence of the tenant from the dwelling unit, without notice to the landlord for at least seven days, if rent for the dwelling unit is outstanding and unpaid for ten days and there is no reasonable evidence other than the presence of the tenant's personal property that the tenant is occupying the residence. 2.

After two years have passed, a notice of sale is published and items of value are sold at public auction. Safe deposit box contents are liquidated within three years of receipt; however, the proceeds remain the property of the original owners for the remainder of the 35 year escheatment period.

A.R.S. § 44-326(B)(2) provides that a person who wilfully fails to pay or deliver unclaimed property to the department shall pay a civil penalty equal to twenty-five percent of the value of the property that should have been paid or delivered.

If the landlord opts to store the property, the landlord must notify the tenant of the location of the personal property in the same manner used for notices about abandonment. The landlord must then hold tenant's personal property for a period of ten days after the declaration of abandonment.

The Negative Report of Unclaimed Property applies to entities that have no unclaimed property to report for the required period. DO NOT file Negative reports on CD, DVD or USB flash drive.