This office lease guaranty lists the conditions of the principal's obligations held in this bond. If all obligations of this guaranty are performed and indemnifies and holds harmless the obligee from any loss, costs, and expenses incurred by the obligee as a result of any failure or default by the principal in its execution of the agreement, then this obligation shall be void; otherwise it will remain in full force and effect.
Arizona Lease Deposit Guarantee Bond
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Multi-State
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US-OL4A025
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How to fill out Lease Deposit Guarantee Bond?
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FAQ
Arizona security deposit rules place a limit on how much landlords can ask from their renters in Arizona as a security deposit. Specifically, as a landlord, you must charge them no more than 1.5X month's rent as a security deposit.
Arizona Landlord Tenant Act - Normal Wear & Tear You are not allowed to deduct from the deposit for damages resulting from normal wear and tear. This means any deterioration in the property that is caused by regular use.
Under Arizona law, a landlord may ask for a security deposit up to an amount that is equal to 1 + ½ month's rent (A.R.S. §33-1321(A)). A landlord may not ask for more than this.
Bonds are required for professionals in industries such as construction and auto sales, and they are a must for any contractors working on a construction project for the federal or state government, as well as contractors working on large commercial projects.
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.
One important difference is that with a security deposit, you can get the money back (up to the full $1,000 or whatever the amount is). With a surety bond, you cannot get back the money you paid for it (the $10-$40). That money is non-refundable.
Financial guarantee bonds guarantee that the financial obligation of the bonded party will be satisfied. For bonds like the commercial lease guarantee bond, the bond provides a guarantee that the lease payments will be paid. The bond amount would typically be based on the total annual payment amount of the lease.
Under Arizona law, a landlord may ask for a security deposit up to an amount that is equal to 1 + ½ month's rent (A.R.S. §33-1321(A)). A landlord may not ask for more than this.
