Phoenix Arizona Temporary Lease Agreement to Prospective Buyer of Residence prior to Closing

State:
Arizona
City:
Phoenix
Control #:
AZ-1062L
Format:
Word; 
Rich Text
Instant download

Description

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.

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  • Preview Temporary Lease Agreement to Prospective Buyer of Residence prior to Closing
  • Preview Temporary Lease Agreement to Prospective Buyer of Residence prior to Closing
  • Preview Temporary Lease Agreement to Prospective Buyer of Residence prior to Closing
  • Preview Temporary Lease Agreement to Prospective Buyer of Residence prior to Closing
  • Preview Temporary Lease Agreement to Prospective Buyer of Residence prior to Closing
  • Preview Temporary Lease Agreement to Prospective Buyer of Residence prior to Closing

How to fill out Arizona Temporary Lease Agreement To Prospective Buyer Of Residence Prior To Closing?

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FAQ

Yes, rent-to-own agreements are legal in Texas. They are typically made between the homeowner and the renter, who agrees to lease the home for approximately one to three years. The rent-to-own contract in Texas states and locks in the purchase price of the home.

The Arizona Residential Landlord Tenant Act (ARLTA) is the law that generally governs residential tenancies. You can obtain a free copy of ARLTA by visiting the Arizona Department of Housing website. The information below may be helpful to landlords and tenants but is not a substitute for legal advice.

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.

Make all repairs to keep the property fit and habitable. Keep the common areas clean and safe. Maintain all services and appliances in good and safe working order. Provide and maintain trash receptacles.

Lease Option to Purchase A contract in which a landlord/seller leases his or her property to a tenant/buyer for a specific monthly rent, and which gives the tenant the right (but not the obligation) to buy the property at or before the end of the lease period for a price established in advance.

Landlords may be sued for emotional distress in certain situations. In Arizona, for example, courts have awarded emotional distress damages to tenants for their annoyance and discomfort caused by inhabitable living conditions such as inadequate heat and water and dangerous pests.

To end a month-to-month tenancy in Arizona, the landlord must give the tenant at least 30 days' written notice. The notice must inform the tenant that the tenancy will be ending in 30 days and the tenant must move out of the rental unit by then.

Unsafe conditions may include lack of heat and air conditioning (A.R.S. §33-1364), infestation of pests, or non-working appliances (A.R.S. §33-1324), among others.

Withhold Rent for Repairs Under Arizona statute, a tenant has the right to withhold rent or make deductions from their monthly rent if certain repair requests are not met by the landlord or completed in a timely manner.

The difference between a lease option and a lease purchase agreement is that the lease option only obligates the seller to sell. A lease purchase agreement commits both parties to the sale barring breach of contract or the buyer's inability to secure a mortgage.

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Phoenix Arizona Temporary Lease Agreement to Prospective Buyer of Residence prior to Closing