What Are the Key Elements of an Arizona Lease Agreement? Let's go over how to fill out the Arizona Association of Realtors residential lease agreement!This guide provides an overview of Arizona lease agreements, highlighting key aspects to consider for a fair and legally compliant rental experience. Mention the beginning and ending dates of the lease. Include the initial lease term's duration in years and months. An Arizona lease agreement is a contract between a tenant and landlord that establishes terms for renting a residential or commercial property.