If you`re a landlord or tenant in Arizona, a well-crafted lease agreement can safeguard the rights and interests of both parties. A lease agreement, also known as a rental agreement, outlines the terms of the tenancy, such as the rent, security deposit, lease duration, and other provisions.
To help landlords and tenants in Arizona, we`ve prepared a sample lease agreement that covers the essential elements of a legal and enforceable agreement. Keep in mind that this sample lease agreement is for informational purposes only and should not be considered legal advice. Always consult with a licensed attorney for specific advice and guidance.
Sample Lease Agreement Arizona
This lease agreement (the “Agreement”) is made and entered into by and between [LANDLORD NAME], hereafter referred to as “Landlord,” and [TENANT NAME], hereafter referred to as “Tenant,” on [DATE].
1. Property. Landlord agrees to lease to Tenant the property located at [ADDRESS], hereafter referred to as the “Premises,” for residential purposes only.
2. Rent. Tenant agrees to pay Landlord the sum of [RENT AMOUNT] per month, due on the [DUE DATE] of each month, at [PAYMENT ADDRESS]. Tenant shall make all payments via [PAYMENT METHOD], unless otherwise agreed in writing.
3. Security Deposit. Tenant shall pay a security deposit of [SECURITY DEPOSIT AMOUNT] to Landlord upon the signing of this Agreement. The security deposit shall be refunded to Tenant within [TIME PERIOD] after the termination of the lease, provided that Tenant has fulfilled all obligations under this Agreement.
4. Lease Term. This lease shall be for a term of [LEASE DURATION] beginning on [START DATE] and ending on [END DATE], unless extended or terminated as provided in this Agreement. Tenant shall vacate the Premises at the end of the lease term unless a new lease agreement is signed.
5. Utilities. Tenant shall be responsible for paying all utilities, including but not limited to, gas, electricity, water, and sewer, unless otherwise agreed in writing.
6. Maintenance and Repairs. Tenant shall keep the Premises in a clean and orderly condition and shall promptly notify Landlord of any damage or needed repairs. Tenant shall be responsible for any damage caused by negligent or intentional acts. Landlord shall be responsible for repairs not caused by Tenant`s negligence or intentional acts.
7. Quiet Enjoyment. Landlord covenants that Tenant shall have quiet enjoyment of the Premises throughout the lease term, subject to applicable laws and ordinances.
8. Termination. Either party may terminate this lease upon [NOTICE PERIOD] days` written notice to the other party. Tenant shall be responsible for rent and obligations under this Agreement until the end of the notice period.
9. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Arizona.
10. Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements, whether written or oral, between the parties with respect to the subject matter of this Agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
As you can see, this sample lease agreement covers the essential elements of a legally binding agreement and reflects the requirements and considerations for Arizona properties. However, it`s important to tailor the lease agreement to your specific circumstances, such as additional provisions or terms.
By using a well-crafted and legally compliant lease agreement, landlords and tenants can avoid disputes, misunderstandings, and potential legal issues. Additionally, having a clear and detailed lease agreement can help foster a positive and professional relationship between the parties.