This Temporary Lease Agreement to Prospective Buyer of Residence Prior to Closing form is a temporary lease between the seller and buyer of a residence prior to closing. It it for the situation where the seller desires to allow the buyer to take possession prior to closing of the contract of sale.
Mesa Arizona Temporary Lease Agreement to Prospective Buyer of Residence prior to Closing
State:
Arizona
City:
Mesa
Control #:
AZ-1062L
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Arizona Temporary Lease Agreement To Prospective Buyer Of Residence Prior To Closing?
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FAQ
If the landlord has evicted the tenant and law enforcement has legally locked them out, the landlord must give the tenant notice and then hold the property for 21 days. If the tenant does not contact the landlord in that time period, the landlord may sell or dispose of the property.
Landlords are prohibited from harassing or retaliating against tenants who exercise their rights. In Arizona, the landlord cannot terminate a lease, refuse to renew a lease, or raise the rent on a tenant who has: Exercised a legal right.
G. If the tenant notifies the landlord in writing on or before the date the landlord sells or otherwise disposes of the personal property that the tenant intends to remove the personal property from the dwelling unit or the place of safekeeping, the tenant has five days to reclaim the personal property.
Landlords in Arizona cannot charge a tenant more than one and a half times the monthly rent payment as a security deposit unless the tenant voluntarily agrees to pay more.
The new owner must allow the tenant to stay until the end of a fixed term lease, but if the lease always was or has converted to a month-to-month lease, then the new owner may terminate tenancy by giving the tenant a 30-Day Notice of Termination.
Under Arizona law, a holdover tenant refers to a tenant that still remains in the leased premises after the expiration of the lease.
The tenant's agreement is tied to the property and not to the owner. That means if the property sells while occupied, the tenant has the right to live there until the standing lease expires. The new owner has to honor the length of the original lease created between the seller and tenant.
§ 33-1314(D). To terminate a month-to-month rental agreement, a landlord or a tenant must give 30 days notice in writing before the next rent payment would normally be due. A.R.S. § 33-1375(B).
33-1375 - Periodic tenancy; hold over remedies. A. The landlord or the tenant may terminate a week-to-week tenancy by a written notice given to the other at least ten days prior to the termination date specified in the notice.
Know the Arizona Residential Landlord and Tenant Act According to Arizona law, landlords are permitted to charge the tenants for two months of rent as a penalty for breaking the lease. This is good news for you, because you should be able to find a new tenant to rent the property within those two months.