This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.
Arizona Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent
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Multi-State
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US-OL4A012A
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How to fill out Clause Providing For The Periodic Increase In The Tenant Security To Reflect Increases In Base Rent?
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FAQ
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.
How Much Can Arizona Landlords Raise in Monthly Rent? As long as you get the tenant notified in time, you can raise the rent by any amount you consider appropriate. Currently, there aren't any legal limits on how much landlords can raise Arizona rent.
Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living ? whichever is lower ? over a 12-month period.
An Annual Increase is a clause in a lease which provides for the base rent amount or operating expenses to be increased and/or to reflect changes in expenses paid by the landlord such as real estate taxes, insurance, operating costs, etc.
Landlords cannot raise rent more than 10% total or 5% plus the percentage change in the cost of living ? whichever is lower ? over a 12-month period. If the tenants of a unit move out and new tenants move in, the landlord may establish the initial rent to charge. (Civ. Code § 1947.12.)
