An Arizona lease agreement is a document created for a landlord to outline the terms and conditions of renting property to a tenant. An Arizona lease agreement is a contract between a tenant and landlord that establishes terms for renting a residential or commercial property.Read the entire agreement before you sign it. 2. An Arizona standard lease agreement is a contract between a landlord and tenant that governs the rental of a residential property. The Arizona apartment lease agreement outlines renters' rights, responsibilities, and essential terms.