Arizona Clause Defining Operating Expenses

State:
Multi-State
Control #:
US-OL19034B
Format:
Word; 
PDF
Instant download

Description

This office lease form is a clause regarding all direct and indirect costs incurred by the landlord in the operation, maintenance, repair, overhaul, and any owner's overhead in connection with the project.

How to fill out Clause Defining Operating Expenses?

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FAQ

Arizona Revised Statutes (A.R.S.) § 42-5069 Commercial Lease Classification, addresses businesses which lease or rent for a consideration the use or occupancy of real property.

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.

If the landlord unlawfully removes or excludes the tenant from the premises or wilfully diminishes services to the tenant by interrupting or causing the interruption of electric, gas, water or other essential service to the tenant, the tenant may recover possession or terminate the rental agreement and, in either case, ...

Operating Expenses means the total of all expenditures, computed in ance with accounting principles reasonably acceptable to Lender, consistently applied, of whatever kind relating to the operation, maintenance and management of the Property that are incurred on a regular monthly or other periodic basis, ...

Ing to the Arizona Department of Housing, landlords must provide a rental unit that complies with standard health and safety requirements. Otherwise, the rental unit may not be fit for the tenant, and they may seek legal help if the landlord doesn't provide the required help.

33-1378 - Removal of guest. A person who is a guest of a tenant who is not named on a written lease and who remains on the premises without the permission of the tenant or the landlord is not a lawful tenant and that person's presence in or on the premises does not constitute residency or tenancy.

An operating expense clause lets your landlord recover normal out-of-pocket costs of running a building. That should be all it does.

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.

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Arizona Clause Defining Operating Expenses